Aggregated News From Investment Management Regulators

AFM: recommendations for the review of MiFID II


Please complete the required fields.

As part of its further efforts to ensure the orderly functioning of the European financial markets and to strengthen investor protection, the Dutch Authority for the Financial Markets (AFM) is putting forward recommendations in connection with the current review of MiFID II (the Markets in Financial Instruments Directive). This is especially important in view of the current market conditions around the world as a result of the corona crisis.

MiFID II, which came into force on 3 January 2018, is currently being reviewed by the European Commission and the European Securities and Markets Authority (ESMA). The aim of MiFID II is to improve the efficiency and transparency of the European financial markets and to strengthen investor protection.

In anticipation of potential changes to the MiFID II regulation, the AFM has carried out a study that includes policy recommendations for the areas of equity, commodities and investor protection. These recommendations are available here. They concern changes to the regulatory framework of MiFID II (level 1 or level 2), suggestions for further ESMA guidance on level 3 and increased European convergence in supervision.

Central underlying themes for equity are whether transparency has increased sufficiently, what the impact is on liquidity and how the market structure has changed, as a consequence of MiFID II. For commodities, we investigated the impact of the introduction of position limits, position management controls and pre-trade transparency requirements for trading venues that trade in commodity derivatives in the Netherlands. The MiFID II regime has enhanced retail and professional investor protection throughout the European Union (EU).

Source link

Regulator Information

Abbreviation: AFM
Jurisdiction: Netherlands

Recent Articles

SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations

Eight celebrities also charged for illegal touting of Sun’s crypto asset securities The Securities and Exchange Commission today announced charges against crypto asset entrepreneur Justin Sun and t

SEC Proposes to Modernize the Submission of Certain Forms, Filings, and Materials Under the Securities Exchange Act of 1934

The Securities and Exchange Commission today proposed amendments designed to modernize its information collection and analysis methods by, among other things, proposing that a number of filings be su | Statement on Electronic Filing

Today, the Commission is considering a proposal under the Exchange Act to require broker-dealers and other registrants to submit forms electronically.

ASIC suspends AFS licence of Cartesian Corporate Finance Limited

ASIC has suspended the Australian financial services (AFS) licence of Cartesian Corporate Finance Limited (Cartesian) until 25 August 2023. The licence authorises Cartesian to deal...

Completion of Recovery Certificate No. 6075 of 2022 issued against Mr. Yash Paul Jindal [Defaulter] PAN: ACDPJ8198B in the matter of GDR Issue by...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!