A Year to Go – More or Less

A Year to Go – More or Less

Christian Voigt

Senior Regulatory Adviser at Fidessa

Views 362

A Year to Go – More or Less

04.01.2017 10:45 am

With just 364 days left to go, the MiFID II go-live date looms large. But with complex regulation spanning several hundred pages of text it is no great surprise that some MiFID II deadlines will come in earlier than 3rd January 2018, while others leave more breathing space. For example, trading venues must submit their waiver applications to their relevant competent authorities by 1st February 2017 for equities and no later than 1st June 2017 for bonds and derivatives. Further off, the deadline for investment firms to register as a Systematic Internaliser is 1st September 2018. Non-discriminatory access to and obligation to licence benchmarks doesn’t apply until 3rd January 2020 and the non-equity consolidated tape may not be introduced until beyond September 2019.

The reality is that with all of these different dates so horribly intertwined, each company needs its own customised go-live roadmap, making sure it focuses on the right things first.

Latest blogs

Simon Black Awaken Intelligence

Boom or Bust: How the Financial Services Sector is Coping

Covid-19 has had an impact across all industries and businesses are feeling the sting. However, is it equally devastating within every sector? As industry and individual concerns grow during the inevitable economic crisis, financial services are Read more »

n/a n/a

Tips on How to Successfully Trade CFDs

A CFD or contract for difference is a financial product that allows a trader to speculate on asset classed without owning a portion of the underlying asset. A CFD trade is not an investment but high-risk speculation that carries the risk of losing Read more »

Patrick McKinney and Joe Fuchs Wolters Kluwer Finance, Risk & Regulatory Reporting

Building an Integrated Data Management System: A Guide for Digital Banks

Digital banks and other FinTechs are emerging as more nimble competitors to established legacy banks. The digital banks that are on their way to becoming fully chartered have the opportunity to setup fully automated processes and systems without Read more »

n/a n/a

How COVID-19 Is Ushering In a New Era of Cashless Technology

  Image source: https://www.pexels.com/photo/person-shopping-online-3944405/   Cashless technology isn't a completely fresh concept. People have been using credit cards for decades, and the market for fintech services has been Read more »

Jean Shin tyntec

Using WhatsApp for 2FA is the Future of Banking

From user authentication and password resets to transaction verification, two-factor authentication (2FA) offers basic but useful protection for consumers. The 2FA process typically sends an SMS sent to the customer with a one-time password (OTP). Read more »

Related Blogs

Christian Voigt Fidessa

Who Makes the Decisions Around Here?

Recording the execution decision maker is a new requirement under MiFID II. Working out how to populate that field turns out to be trickier than expected. Read more »

Christian Voigt Fidessa

For Infosec the Only Way is Global

With information security rapidly gaining prominence over the last few years legislators have jumped into action to improve safeguards and public confidence in IT systems. While information security concerns prevail across all industries, in Read more »

Christian Voigt Fidessa

A Case for Regulatory Freeze?

Market participants are naturally worried about the immediate costs of regulation, some of them still uncertain about the future benefits. But with all the twists and turns on the road to regulatory change, meeting the requirements imposed by Read more »

Christian Voigt Fidessa

Golden Aspirations

To achieve MiFID II’s aim of greater transparency, having a proper golden source of instrument data is key for every market participant. Fortunately, under the new rules, ESMA is required to publish a list of all financial instruments traded on all Read more »

Christian Voigt Fidessa

Phew! No more HFT for me

Some might remember the surprise, back in March 2012, when it became apparent that an individual personal trader could end up being classed as a high frequency trader (HFT) under MiFID II. Admittedly I’m quite proud of my 10 finger touch-typing Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel