About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ESMA Proposes Amendments to MiFIR Transparency Requirements

Subscribe to our newsletter

The European Securities and Markets Authority (ESMA) has proposed targeted amendments to some of its Regulatory Technical Standards, essentially RTS 1 and RTS 2, which specify Markets in Financial Instruments Regulation (MiFIR) transparency requirements for equity and non-equity. The amendments aim to clarify, improve and simplify the transparency regime for equity and non-equity instruments.

The ESMA review on RTS 1 and RTS 2 will be made in two steps:

  • The final reports on the review of RTS 1 (equity transparency) and RTS 2 (non-equity transparency), published on 28 March 2022, include a first series of proposed amendments to address issues that have received broad support from stakeholders and/or are considered important in the context of establishing a consolidated tape provider (CTP)
  • A second, and broader, review will be carried out following the MiFIR review, which is currently under discussion. It will be focusing on necessary changes to RTS 1 and RTS 2 as a consequence of the MiFIR review and also including the analysis of proposals included in the Consultation Paper published in July 2021.

The reports have been submitted to the European Commission, which has three months to decide whether to endorse the proposed amendments to the RTS.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

Addressing Financial Crime and AML with RegTech: Insights from the RegTech Summit 2024

Since the Bank Secrecy Act (BSA) was enacted 54 years ago to prevent and detect money laundering and terrorist financing, the compliance obligation has evolved from a basic reporting requirement into a highly complex and continually evolving anti-money laundering (AML) regime. An expert panel at A-Team Group’s RegTech Summit (NYC) in November convened to evaluate...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...