Session Details
Compliance in a more transparent market

Start: 22 March at 11:10

Presenting Speakers

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About the Session

Market data and post trade transparency is up for debate. As the UK contemplates market reforms, ESMA has been asked to specify the ‘quality and the substance of core the market data and the quality of the transmission protocol’. Both are introducing new CTPs. COOs and compliance officers risk being unable to police bad data and holding the SM&CR bag. What trading capabilities are needed to comply in a more clearly defined marketplace?

Regulatory Challenges
  • ESMA Report on trading perimeter here UK Q223 consultation a
  • International/3rd country access and reciprocal arrangements
  • MiFID/ MiFIR review – BVI-EFAMA-EFSA-NSA priorities letter
  • US SEC trading reforms – including PFOF, Best execution/ RegBI / Form CRS
  • MiFIR RTS 1 & 2 opinions and transparency proposals
  • The UK Edinburgh reforms set post-Brexit course
  • EU Tax rules complement MICA proposals
  • SM&CR
New RegTech/SupTech drivers
  • AFME. FINBOURNE MiFIR Corporate Bond Trade Data Analysis here
  • Matt Coupe’s view on regulatory convergence here
  • CTP JV press release here
  • Standards & identifiers: LEI, ISIN
  • Market data quality Finbourne research here
  • Algo controls