Esma delay brings confusion to transparency and position limits

Local authorities will apply key elements of Mifid II temporarily, owing to Esma backlog

esma-building
Esma: accused of introducing market uncertainty

The European Securities and Markets Authority has announced it will temporarily leave parts of a wide-ranging overhaul of securities and commodities markets regulation to national authorities when the new rules come into force in January 2018, which lawyers say could introduce market uncertainty.

The second Markets in Financial Instruments Directive and its accompanying regulation (Mifir) will include a Europe-wide commodity position limits regime and pre-trade transparency rules on fixed

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