ESMA Publishes Responses to June 2017 Consultation on RTS Trading Obligations for Derivatives under MiFIR


On August 10, 2017, the European Securities and Markets Authority (“ESMA“), published responses to its June 2017 consultation on trading obligations for derivatives under the Markets in Financial Instruments Regulation (Regulation 600/2014) (“MiFIR“), viewable here.

Under Article 32(1) of MiFIR, ESMA is required to develop regulatory technical standards (RTS) specifying the derivatives that should be subject to the trading obligation. ESMA intends to use the feedback to finalize the draft RTS and submit them to the European Commission for endorsement.

Respondents include:

  • Investment Association (IA).
  • Alternative Investment Management Association (AIMA).
  • Building Societies’ Association (BSA).
  • European Savings and Retail Banking Group (ESRBG).
  • European Banking Federation (EBF).
  • Managed Funds Association (MFA).
  • Wholesale Markets Brokers’ Association (WMBA).
  • International Swaps and Derivatives Association (ISDA).