Regulatory Alerts2022-07-12
Opinion on the classification of third-country financial entities in weekly position reports under MiFID II
ESMA issues this opinion to resolve inconsistent classification of third-country financial entities in weekly position reports under MiFID II. It requires competent authorities to ensure these entities are categorized by their main business nature under the same categories as EU-based firms. This classification must be implemented in weekly reports no later than 12 October 2022 to enhance data accuracy and supervisory consistency.
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