I am delighted to have been invited by the Chair and Members of ECON to present the work of ESMA on the delegated acts and implementing measures under MiFID 2/MIFIR and CSDR.
MIFID2/MIFIR
Let me first comment on MIFID2/MIFIR, which is the most significant piece of Level 2 regulation that ESMA has undertaken since its establishment. As you know, part of this undertaking is making every effort to ensure that the consultation is as wide and open as possible and that all stakeholders are heard. We have also updated periodically the Parliament on how the Level 2 measures advanced.
Let me first comment on the Markets area and I will concentrate on three substantive matters (non-equity transparency, commodity derivatives, and microstructure).
Click here to download full details of the speech that Steven Maijoor gave at the ECON hearing MIFID/MIFIR CSDR.