Regulatory Alerts2024-12-16
Final Report on the Review of RTS 2 on transparency for bonds, structured finance products and emission allowances and RTS on reasonable commercial basis
ESMA submitted a final report to the European Commission proposing amendments to RTS 2 regarding pre- and post-trade transparency for bonds, structured finance products, and emission allowances, alongside new RTS on reasonable commercial basis. The amendments define characteristics for central limit order books and periodic auctions, update post-trade transparency fields, and establish deferral regimes for specific asset classes. These proposals aim to implement the revised MiFIR transparency requirements and ensure non-discriminatory access to market data under fair contractual terms.
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