
CESR unveils new Mifid technology
Daily news headlines
BRUSSELS – The Committee of European Securities Regulators (CESR) has unveiled new systems and databases compliant to help meet its Markets in Financial Instruments Directive (Mifid) obligations. CESR aims to facilitate the flow of transaction reports, to publish a list of systemic internalisers, and to encourage market transparency and integrity across the EU.
With CESR’s new transaction reporting system (TREM) up and running, all CESR members are connected, to allow constituent supervisory authorities to monitor investment behaviour and market integrity.
The newly published list of systematic internalisers is designed to give the market information on firms engaged in systemic internalisation in Europe, which will be subject to regular review, in accordance to Article 34 of Mifid.
CESR has admitted its current list is incomplete and that more time is required for the process. This is due to the likelihood that investment firms will decide to become systematic internalisers but be slow to communicate their decisions to the relevant national supervisory bodies under Article 21 of the Directive.
The new Mifid-compliant additions complement the two databases CESR released in July and October this year to aid transparency and market transition to Mifid requirements. Covering all shares trading on the regulated markets, these two databases identified liquid shares and listed identifiers of regulated markets, multilateral trading facilities and other counterparties.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Regulation
Alameda’s mystery bank stake reignites Fed deposit debate
Crypto challenger Custodia accuses regulator of unlevel playing field over master accounts
More EU banks will fail new IRRBB test as rates push upwards
Half of all EU banks could cross outlier threshold for new test of net interest income
Finra head recognises ‘challenges’ for bond transparency drive
Cook says regulators thinking about industry’s operational and liquidity concerns
Why central banks shouldn’t ignore stablecoins
Rapid growth of stablecoins could impair monetary policy transmission
Hedge funds doubt tall tales around UK short-selling review
FCA has never used powers to ban short-selling, but reporting tweaks would be welcome
Cost of bank bail-in rules lower than expected – EBA
MREL pricing manageable for most banks, though troubled firms may struggle to meet targets
Ice Clear Credit may face Esma review as euro CDSs migrate to US
Upgrade in systemic status would depend on extent of migration from UK-based Ice Clear Europe
EU takes steps to avoid India clearing house lockout
Other Asian regulators may also have concerns about extraterritorial reach of Emir 2.2