Tom Davidson’s Post

🚨 Just three weeks left until the SAIFM Regulatory Summit 2024! 🚨 On 21 August 2024, join us to explore the latest regulatory trends and insights shaping the financial markets. This event is essential for professionals looking to stay ahead in an ever-evolving industry. 🎟️ Costs: Starting from R4290.00 📅 More Information: www.regulatorysummit.co.za ✉️ Register Now: melissa@saifm.co.za Don’t miss this unique opportunity to deepen your regulatory expertise and network with industry leaders. Secure your spot today! #SAIFM #RegulatorySummit2024 #FinancialMarkets #Compliance #Finance #ProfessionalDevelopment

With recent updates from ESMA and FCA, it's crucial to stay ahead. MarketAxess Post-Trade delivers tailored MiFIR solutions for the UK and EU, providing seamless integration and real-time data access across 15+ venues. Don't let regulatory changes catch you off guard. https://okt.to/hoFKPX #MarketAxess #PostTrade #Compliance #MiFIR #EMS #OMS #ESMA #FCA #FinancialMarkets #ComplianceSolutions

💥 Join us for an insightful webinar on 'Preparing for DORA'! 📢   This session will offer a comprehensive overview of the Digital Operational Resilience Act (DORA) - a pivotal EU-wide regulation designed to enhance digital operational resilience across the financial sector. We'll dive deep into the recently published drafts of the first batch of regulatory technical standards by the European Supervisory Authorities (EBA, EIOPA, and ESMA) and provide guidance on how to prepare for these technical standards. 🌟   Register for the webinar today: https://lnkd.in/ePVE_-nY #DORA #Regulation #Finance #DigitalResilience

Just in case you thought #MiFID was slowing down Today @ESMA launched the next round of #consultationpapers - https://lnkd.in/gUNrXB8f. This package includes:  - Amendments to rules on the liquidity assessment for equity instruments, on equity transparency and on the volume cap.  - Draft new Implementing Technical Standard (ITS) on #systematicinternalisers (SIs).   - #equity #ConsolidatedTapeProvider (CTP) for input/output data - #flags for #posttradetransparency reports for #nonequity - New rules on #organisationalrequirements for #tradingvenues, adding new provisions on #circuitbreakers and targeted amendments to adapt to #DORA Key Dates:   15 September 2024 for the technical advice (Section 3), RTS 1 (Section 4), the RTS on input/output data for shares and ETFs CTP (Section 8) and the flags under RTS 2.  15 October 2024 for the SI ITS (Section 5), RTS 3 (Section 6) and RTS 7 (Section 7).   ESMA will prepare a final report and intends to submit to the European Commission the technical advice and the draft technical standards for RTS 1, the whole input/output data RTS and RTS 2 (including the flags) in December 2024, and the remaining mandates in March 2025. Further information on the MiFID II /MiFIR review and the upcoming consultation process can be found on the dedicated webpage.

And here comes the next one @ESMA Consultation Paper on #BestEx https://lnkd.in/egsjj6zc - could be interesting given the latest conversations on the role of #technology in #execution #AI #GenAI #ML #Algo #Trading - we have until October 16th to respond ESMA is seeking stakeholder input on:  - establishment of an investment firm’s order execution policy. This includes the classification of financial instruments in which firms execute client orders and the initial selection of venues for the order execution policy; - firm’s procedures to monitor and regularly assess the effectiveness of its order execution arrangements and order execution policy; - firm’s execution of client orders through own account dealing; and on how an investment firm should deal with client instructions.

I have shared my views on European Securities and Markets Authority (ESMA)'s public statement issued last week, unveiling substantial revisions to the reporting framework following the MiFIR review. No doubt these changes are set to require significant efforts to ensure compliance with the new rules. In the article, I go through what this means for MiFID reporting firms and the broader implications for the industry. As a self-proclaimed TR geek, I'd love to discuss and hear your thoughts: - MiFID III or MiFID REFIT? - The future of FIRDS - The continued divergence between ESMA and FCA Feel free to reach out. 💼📈 #MiFIR #ESMA #RegulatoryCompliance #FinancialServices #TransactionReporting

In case you missed it, before the Easter Break, ESMA issued public statement (https://lnkd.in/dkSrEdJT) on MiFIR "III" implementation and clarified areas that will be impacted, including FIRDs data. Qomply's Sophia Malaika Fulugunya discusses the proposed changes to MiFIR and how it might impact firms. https://lnkd.in/eucp6_pq #mifir #mifidii #mifidiii #esma

European Securities and Markets Authority (ESMA) opens consultation on MiFIR's RTS 22 — focused on enhancing transaction data reporting and order book transparency. This is a significant step in refining market data standards to boost compliance and efficiency. Firms and stakeholders are encouraged to provide feedback by 3 January 2025. Stay ahead of regulatory changes! #MiFIR #TransactionReporting #FinancialRegulation #Compliance #OrderBookData #MarketData #RegTech Learn More - https://lnkd.in/dGAUQjWT

Mandatory Trade reporting is not new but with new refits there are unique extension of coverages on both trade and product. Why not to join this to see the major push behind many vendor solutions on trading and collateral management use for the emerging products of CDM and DRR. Might be useful just to tidy up your inhouse data management systems, workflows and processes. Octonion Group

📣 NEWSFLASH AIFMD II was published today in the Official Journal (Directive (EU) 2024/927). Dive into the details with insights from partners Frédérique Lifrange and Joachim Cour and knowledge development Virginie Lebbe. Read the key points by clicking here https://lnkd.in/eDpB_PUF #ElvingerHossPrussen