EC: published three letters regarding MiFID II RTS
22 Apr 2016
International
1 min read
The European Commission published three letters that DG FISMA addressed to ESMA regarding certain draft regulatory technical standards (RTS). Specifically, the letters relate to: draft RTS 20 on the criteria to establish when an activity is considered to be ancillary to the main business pursuant to Article 2(4) MiFID II; draft RTS 21 on the application of position limits to commodity derivatives pursuant to Article 57(3) and (12) of MiFID II; draft RTS 2 on transparency requirements in respect of bonds, structured finance products, emission allowances and derivatives under Articles 9 and 11 MiFIR.
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