ESMA Consults on New MiFIR and MiFID II Regimes for Third-Country Firms

The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has launched a consultation on draft technical standards on the provision of investment services and activities in the European Union (EU) by third-country firms under MiFIR and MiFID II, which will specify the information that third-country firms must provide to ESMA for the registration of third-country firms and for the information that third-country firms have to report annually. The closing date for responses from stakeholders is 31 March 2020.