MiFID II
Whilst a review of MiFID was never intended as a platform for new and far reaching regulation this may yet be the result. The European Commission's proposals include potentially significant changes in the following areas:
- The trading of OTC derivatives;
- Disclosure requirements relating to commodities;
- Changes to the execution only regime;
- Data consolidation arrangements;
- Transaction reporting requirements; and
- Increased disclosure and reporting to clients.
Definitive proposals are expected later on this year.