AMAFI welcomes the opportunity to answer to this consultation.Our membership comprises sell sides entities as well as trading venues. Among the latter, some has dicentive views with regards to certain points on the CT, and the equity market structure.
2021/0385(COD) · In Force
Amendments to the Markets in Financial Instruments Regulation (MiFIR)
8 submissions from 8 organizations told the European Commission what they think about this file. Here is what each of them said, in their own words.
The Commission lists 473 submissions on this file. Shown here: the 8 from organizations. Not shown, by design: submissions from private individuals, which we never publish, and anything filed since our last weekly refresh.
Committee ECONRapporteur Danuta Maria Hübner (EPP)
- Published in the Official Journal · 8 Mar 2024
- Signature by the President of the EP and by the President of the Council · 1 Mar 2024
- Signed · 28 Feb 2024
- Approval of the EP's first reading position by the Council (adoption of the legislative act) · 20 Feb 2024
- Discussions within the Council or its preparatory bodies · 14 Feb 2024
Who showed up
7 submissions from industry and none from civil society organizations; 1 from public authorities, academia and others.
Industry 7Civil society 0Public authorities, academia, other 1
Groupings use the respondent type each organization selected when filing. Counting submissions, not organizations — a body that filed twice is counted twice.
The file, right now
The consultation closed on 22 Mar 2022 — it ran from 25 Nov 2021.
- Policy area
- Financial services (DG FISMA)
- Where it stands
- Awaiting adoption
- Legislative stage
- In Force
- Lead committee
- ECON
- Rapporteur
- Danuta Maria Hübner (EPP)
- Procedure
- 2021/0385(COD)
- Commission reference
- COM(2021)727
How it got here
- Impact assess incep16 Mar 2020
- Public consultation18 May 2020
- Proposal for a regulation22 Mar 2022
Showing 8 of 8 submissions.
TD
The Derivatives Service Bureau (DSB) Ltd and Etrading Software Ltd
· · filed 22 Mar 2022 · source
Success Factors for a Derivatives CTP We agree with the Commission’s analysis that data quality and governance are critical to the success of a CTP and we note the Commission’s desire to minimize delay in the implementation of the CTP. Accordingly, we have focused our response on these three items. We welcome a discussion with the Commission on these and other matters related to the creation of a derivatives CTP.
We support the wide scope of financial instruments subject to consolidation but we do not favour the multiple-CTPs model (a CTP per Asset Class). In our view a single, public and institutional CTP would be more efficient for the final users in terms of number of data sources and overall cost for accessing consolidated data. As for the governance of CTPs, the Proposal foresees competitive privately-owned operators.
Warsaw Stock Exchange (WSE) appreciates the opportunity to give feedback on the review of the MiFID II/MiFIR framework. WSE shares the objectives of the MiFIR review proposal to increase transparency and liquidity within the EU, to enhance the level-playing field between execution venues, and to foster the competitiveness of capital markets.
General remarks BVI sees great value in the creation of four asset class based consolidated tapes (equities, ETFs, bonds, derivatives) to support Europe’s capital markets. However, we qualify that statement with a reminder that the framework for a successful consolidated tape should i) address the known market failure around market data costs, ii) manage the costs of the tape by limiting compensation for data…
The Alternative Investment Management Association (AIMA) welcomes the opportunity to provide its views on the European Commission’s (the ‘Commission’) Proposal for a Regulation of the European Parliament (the ‘Parliament’) and of the Council of the EU (the ‘Council’) amending Regulation No 600/2014 (MiFIR) and Proposal for a Directive of the Parliament and of the Council amending Directive 2014/65/EU (MiFID II)…
Overall, EDMA found the amendments suggested both constructive and encouraging; we appreciate the Commission’s diligence in incorporating some of our previous suggestions. We read your proposed amendments to MiFIR with great interest and have the following feedback - exclusively related to the non-equities/fixed income (FI) space.
The German Banking Industry Committee welcomes the opportunity to comment on the legislative proposals dated 25 November 2021 for a revised MiFIR Regulation (MiFIR). The current review offers an excellent opportunity to further optimise cross-border capital market integration and to boost the competitiveness of the EU27 financial marketplace.
Filed in German · English published by the European Commission
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Method. Every quote is verbatim from the organization’s own submission to the European Commission, trimmed to its opening passage and never summarized by a model. Where a submission was filed in another EU language we show the English text the European Commission publishes alongside it, labeled on the quote; the original is one click away at the source. Groupings use the respondent type the organization itself selected when filing. We deliberately do not label anyone “supportive” or “opposed” — you read what they wrote and draw your own conclusion. Organizations only, never individuals. Reused under Commission Decision 2011/833/EU; the European Commission is not liable for this reuse.