EU regulator formally surfaces guidance on when technology platforms, RFQ systems, and pre-arrangement workflows cross the line into requiring trading venue authorisation under MiFID II.
ESMA
The Commission is building a five-year reserve list to fill future vacancies on the joint appeals body of EBA, EIOPA and ESMA. Applications close 8 June 2026.
The EU regulator’s latest exercise covers 16 central counterparties and, for the first time, tests how CCP crisis tools would spread losses across the wider clearing system.
The European regulator has released standardized templates and instructions for EMIR 3’s Active Account Requirement, giving in-scope firms a fixed reporting timetable and a first filing window that spans more than a year of clearing activity.
The EU’s financial markets regulator says its risk assessment, completed before the late-February Middle East conflict, has already been validated by early market reactions to the war.
ESMA could make the CFD industry work better by stopping passporting, meaning states capture more tax revenue and can hold companies in the sector accountable.
And IG Group buys the Small Exchange
It’s going to be delightful
And is probably going to ban payment for order flow
There seems to be no point if you can go offshore
