ESMA speaks on MiFID 2 and Brexit

Steven Maijoor has spoken on the state of implementation of MiFID 2 and preparing for Brexit.

He focussed on the impact of MiFID 2 on non-EU trading venues – in particular looking at the impact of the trading obligation and on secondary markets and transparency.  He looked also at the role and increase in market share of systematic internalisers.

On Brexit, he spoke of the importance of ensuring regulatory convergence and consistent application of standards, improving third country arrangements in securities markets legislation and preparing for a no-deal Brexit.