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Esma to host Mifid II hearings
09 June 2014
Public consultations to be held on July 7 and 8
European Securities and Markets Authority (Esma) will host
three open hearings to consult on issues set out in its
discussion paper and consultation paper on Mifid II/Mifir on
July 7 and 8.
They are aimed in particular at investment firms and asset
servicing firms as well as more generally to others in the
The first hearing will concern markets issues, debating
transparency, regulatory reporting, microstructural issues and
organisational requirements for investment firms.
Access and post-trading issues, small and medium
enterprise growth markets and commodity derivatives issues will
also be discussed at the first hearing.
A wide range of investor protection issues will be discussed
in the second hearing including inducements, product
governance, product intervention and safeguarding assets.
The third hearing will centre on commodity derivatives,
covering topics such as ancillatory activity, position limits,
position reporting, financial instruments definition and
position management powers of Esma.
Esma chair Steven Maijoor recently said the supervisory
authority would extensively consult market participants and
carefully consider their views. The hearings are open to the
public and free of charge.