In its declaration, ESMA examines MiFID II aspects such as the C (6) carve-out, trading venues in third countries for the purpose of post-trade transparency and the position limit regime as well as post-trade transparency for OTC transactions. Among other things, it addresses the fact that after the end of the transition period EU investment firms are not obliged to publish transactions via an EU APA if they are executed on a British trading venue. Commodity derivative contracts traded on these trading posts would not be considered EEOTC contracts for the EU position limit regime.
Regarding the impact on the Benchmark Regulation, ESMA noted that UK administrators added to the ESMA registry will be removed from the ESMA registry after the end of the Brexit transition period. British administrators who were originally included in the ESMA registry as EU administrators will be considered administrators from third countries after the Brexit transition period.
Statement on MiFID II / MIFIR
Statement on benchmark regulation
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