Regulatory Alerts2015-06-30
Final Report on MiFID II-MiFIR draft technical standards on authorisation, passporting, registration of third country firms and cooperation between competent authorities
The European Securities and Markets Authority (ESMA) issued this final report containing draft regulatory and implementing technical standards to implement MiFID II and MiFIR provisions. The standards specify detailed procedures and information requirements for the authorisation of investment firms, the passporting of services and branches, and the registration of third-country firms following equivalence decisions. Additionally, the document establishes frameworks for cooperation between competent authorities and submits these drafts to the European Commission for endorsement.
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