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Europe News

The latest industry and regulatory news affecting Europe and the U.K.

  • FIA responds to ESMA on market data

    FIA responded to the ESMA Consultation Paper on draft guidelines on the MiFID II/MiFIR obligations on market data from the perspective of market data users.

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  • FIA EPTA response to the ESMA Consultation Paper on Guidelines on the MiFID II/MiFIR obligations on market data

    FIA EPTA members welcome the opportunity to respond to this Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data. FIA EPTA has consistently supported ESMA’s work on market data issues and we very much welcomed ESMA’s review report from December 2019 and its draft Guidelines which build on this report. As we have shown in our response to ESMA’s previous consultation in 2019, user data fees are high and have increased over the past years.

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  • People News – December/January 2021

    Appointments, promotions and other people news in the derivatives industry

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  • FIA EPTA response to the FCA Call for Input on accessing and using wholesale data

    FIA EPTA welcomes the opportunity to respond to the FCA Call for Input on accessing and using wholesale data. Below, we respond to the FCA’s questions in relation to trading data, benchmarks and market data vendor services. FIA EPTA members observe that user data fees are high and have increased over the past years. Empirical data which we have analysed substantiates this. We also observe that new fees have been added and that market data policies and agreements are increasingly complex.

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  • FIA urges market role in addressing climate change

    FIA President and CEO Walt Lukken made the following statement following FIA’s participation in a public consultation led by the Taskforce on Scaling Voluntary Carbon Markets (TSVCM).

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  • Brexit end game: state of play for financial firms

    An overview of what has changed and what issues are outstanding as the transition period draws to a close

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  • Associations send letter to Commission on DTO equivalence

    On December 9, FIA, ISDA and six other trades associations (the Association for Financial Markets in Europe, the Alternative Investment Management Association, the European Banking Federation, Electronic Debt Markets Association Europe, the European Venues and Intermediaries’ Association and the asset management group of the Securities Industry and Financial Markets Association) sent a letter requesting that the European Commission recognize the equivalence of UK trading venues for the purposes of the derivatives trading obligation before the end of the Brexit transition period.

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  • European Commission urged to issue equivalence determinations before end of transition period

    On 30 November, FIA jointly with ISDA, AIMA, AFME, ICI Global, EBF and EFAMA submitted a letter recommending the European Commission to issue equivalence determinations under EMIR Art 2a before the end of the transition period, in order to ensure that EU firms can benefit from treatment similar to that available to firms established in the UK, avoiding unintended consequences that would have an impact on their risk management or investment activities.

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  • FIA submits response to FCA Consultation Paper on its approach to international firms (CP20-20)

    On 27 November, FIA responded to the UK Financial Conduct Authority’s consultation on its approach to international firms.

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  • FIA EPTA response to the FCA’s consultation paper on its approach to international firms

    The FIA European Principal Traders Association (FIA EPTA) appreciates the opportunity to respond to the FCA’s consultation paper on its approach to international firms and the process for setting out the FCA’s expectations of such firms operating in the United Kingdom under its framework. FIA EPTA is supportive of the FCA’s proposed flexible approach to the regulation of international firms.

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