Day: 22 December 2017

ESMA Suspends LEI Deadline: Issues MiFID II Updates

The European Securities and Markets Authority (ESMA) has announced a delay gto the implementation of a key element of the impending MiFID II regulation, which is due to go into effect on January 3, 2018.
The Authority says the delay is, “To support the smooth implementation of Legal Entity Identifiers (LEI) requirements under the Markets in Financial Instruments Regulation (MiFIR).”
MiFIR obliges EU investment firms to identify their clients that are legal persons with LEIs for the purpose of MiFID II transaction reporting.

WMBA Rebrands

The Wholesale Markets Brokers’ Association has announced that with immediate effect it will change its name to the European Venues and Intermediaries Association.
The Association says the new title reflects changes to the role of inter-dealer brokers following the implementation of Markets in Financial Instruments Directive (MiFID) II which comes into effect on 3 January 2018.The role of the newly-re-branded EVIA will be, it says, to strive to ensure fair and effective markets across its membership through the common rulebook of MiFID II.