The MiFID Review - a ‘stocktake’ on recent publications impacting wholesale financial markets participants

In this article we consider those publications most relevant to wholesale financial markets participants focusing on the Commission’s “quick fix” Covid-19 proposal, ESMA’s reports on pre and post trade transparency requirements, data reporting and the functioning of OTFs. The volume of proposals published already indicates that many aspects of the MiFID II framework are on the table for review, and the end legislative outcome could involve some significant and substantial revisions to the regime.