ESMA - Use of UK data in ESMA databases under a no-deal Brexit
ESMA issued a statement in relation to the impact on ESMA's databases in a no-deal scenario, whereby the United Kingdom's Financial Conduct Authority will cease sending data to ESMA and will no longer have access to ESMA's IT applications and databases. Under a no-deal Brexit, no new UK-related data will be received and processed by ESMA nor published on the ESMA website from 30 March 2019. ESMA's statement aims to inform stakeholders on the approach it will take on all ESMA IT applications and databases. It sets out details on the following calculations under a no-deal Brexit: - Reference data; - Relevant Competent Authority (RCA); - Annual transparency calculations for equity instruments; - Transparency calculations for non-equity instruments (Quarterly liquidity determination for bonds & Annual transparency calculations for bonds (LIS, SSTI) and for all non-equity instruments other than bonds (liquidity status, LIS, SSTI)); - Calculations for systematic internalisers (SI) determination; - Double Volume Cap; and - Ancillary Activity calculations.
ESMA - No-deal Brexit MOUs with the Bank of England for recognition of UK CCPs and the UK CSD
ESMA has agreed Memoranda of Understanding (MoUs) with the Bank of England for the recognition of central counterparties (CCPs) and of the central securities depository (CSD) established in the United Kingdom, that would take effect should the UK leave the European Union without a withdrawal agreement, the no-deal Brexit scenario.
ESMA - Updated Q&As on MiFIR data reporting
Two new Q&As provide further clarifications in relation to the requirements for submission of reference data under MiFIR relating to the following issues: - Reporting the LEI of the issuers to FIRDS in cases where the issuer of the instrument has a branch(es) that have a LEI. - Reporting maturity, expiry and termination dates to FIRDS. One amendment to an existing Q&A clarifies the use of the Trading Venue Transaction Identification Code (TVTIC) when reporting transactions on complex trades.
ESMA - Data for the systematic internaliser calculations for equity, equity-like instruments and bonds
ESMA has published the total number of trades and total volume over the period July-December 2018 for the purpose of the systematic internaliser (SI) calculations for 16,690 equity and equity-like instruments and for 417,288 bonds. The results are published only for instruments for which trading venues submitted data for at least 95% of all trading days over the 6-month observation period. The data publications also incorporate OTC trading to the extent it has been reported to ESMA. The publication includes data also for instruments which are no longer available for trading on EU trading venues at the end of December.
ESMA - New bond liquidity data available
ESMA started to make available the third quarterly liquidity assessment for bonds available for trading on EU trading venues at the end of December. For this period, there are currently 439 liquid bonds subject to MiFID II transparency requirements.
ESMA - ESMA and EU securities regulators agree no-deal Brexit MoUs with FCA
ESMA and European securities regulators have agreed Memoranda of Understanding (MoUs) with the Financial Conduct Authority (FCA) of the United Kingdom (UK). The MoUs form part of authorities' preparations should the UK leave the EU without a withdrawal agreement, the no-deal Brexit scenario. The MoUs will therefore only take effect in the event of a no-deal Brexit scenario. The MoUs are similar to those already concluded on the exchange of information with many third country supervisory authorities.
ESMA - Updated Q&As on MiFID II/MiFIR market structure and transparency topics
ESMA updated today its Q&As regarding MiFID II/MiFIR market structure and transparency issues. The new Q&As provide clarification on the following topics: \u2022 APA reports to competent authorities and ESMA; and, \u2022 Identification of high frequency trading techniques.
ESMA - Updated plan for systematic internaliser regime calculations and publications
ESMA published an update of its action plan (within its updated Q&As on MiFID II and MiFIR transparency topics) for the systematic internaliser regime calculations ahead of the next schedule publication on 1 February 2019. The updated action plan maintains the ongoing publication for equity, equity-like instruments and bonds while postponing the publication for derivatives and other non-equity instruments until at the latest 2020
Garante Privacy - Bilancio 2018 sull'applicazione del GDPR
Pubblicati i dati riferiti al periodo 25 maggio 2018 - 31 dicembre 2018
ESMA - Updated Q&As on Benchmark Regulation
Two new Q&A provide clarification on provisions of the BMR regarding the scope of application of the Commission Delegated Regulations adopted under the BMR depending on the type of benchmark and in particular: (i) Regulated-data benchmarks; (ii) Interest-rate benchmarks; and (iii) Commodity benchmarks.
Borsa Italiana: Avviso n. 1826 del 29 gennaio 2019
Regolamento del Mercato MOT: Modifiche relative alla Membership, in vigore dal 25 febbraio 2019
Borsa Italiana: Avviso n. 1825 del 29 gennaio 2019
Regolamento del Mercato ExtraMOT: Modifiche relative alla Membership, in vigore dal 25 febbraio 2019
Borsa Italiana: Avviso n. 1824 del 29 gennaio 2019
Regolamento del Mercato SeDeX: Modifiche relative alla membership, in vigore dal 25 febbraio 2019
European Data Protection Board - Sixth plenary session of the European Data Protection Authorities
During the plenary a wide range of topics were discussed: Privacy Shield, Brexit, clinical trials Q&A, DPIA lists, guidelines on certification, EDPB answer to Australian SA on data breach notification.
EBA - Final guidance regarding the exposures to be associated with high risk
EBA published its final Guidelines regarding the types of exposures to be associated with high risk under the Capital Requirements Regulation (CRR). Through these Guidelines, the EBA aims not only to enable a higher degree of comparability in terms of current practices in identifying exposures associated with high risk, but also to facilitate the transition to the upcoming regulatory revisions, noting that the forthcoming implementation of the revised Basel standards will only apply as of 2022.
ESMA - Position limits under MiFID II
ESMA published six opinions on position limits regarding commodity derivatives under MiFID II/MIFIR
MEF - Comunicato stampa su Brexit
Il Ministero dell'Economia e delle Finanze ha comunicato di aver predisposto le misure necessarie per garantire la piena continuità dei mercati e degli intermediari in caso di recesso del Regno Unito dall'Unione Europea senza accordo.
ESMA - Updated commodity derivatives transitional transparency calculations for MiFID II/MiFIR
ESMA published an updated version of the MiFID II/MiFIR transitional transparency calculations. The update relates to the transitional transparency calculations for commodity derivatives and only affects electricity derivatives.
EBA: Q&A in tema di governance interna
L'Autorità interviene con un chiarimento circa la possibilità per la funzione di Conformità di assumere responsabilità di compliance in relazione alle normative AML, FATCA & CRS o GDPR
ESMA - Report on the application of accepted market practices
The report provides an overview on the establishment and application of AMPs in the EU, with particular reference to the AMPs established on the basis of the Market Abuse Directive and which were still in force when MAR became applicable, and the AMPs which have been established under MAR.