Under MiFID I transparency requirements were limited to equity instruments. MiFID II substantially expanded the scope of this transparency to cover also non-equity instruments. The full list includes shares; depositary receipts; exchange traded funds; certificates and similar instruments (equity-like instruments); bonds; structured finance products; emission allowances and traded derivatives (non-equity instruments). Such instruments can be traded not only on regulated markets (RMs), but also to multilateral trading facilities (MTFs), organised trading facilities (OTFs), and Systemic Internalisers (SIs). It remains to be seen how and to what extent the new transparency requirements will affect the current market structure.
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- Registration is free of charge for ECMI/CEPS members, EU/national officials, full-time academics, PhD students (subject to available seats), NGOs (not representing industry sectors or a commercial interest) and press
- Other participants may be admitted for €175 (VAT included, payable in advance or at the registration desk)
- A sandwich lunch will be served before the event (starting at 12h15).
This event is part of a series of special events that ECMI organises on the topic of Getting ready for the implementation of MiFID II/MiFIR to discuss the readiness of market players and the supervisory community to comply with the provisions set out in new legislative framework. Two further panel debates will be held on:
- Data publication arrangements, consolidation and reporting (June)
- Investor protection provisions (September)