August 25, 2016
Over the last six months multiple regulatory technical standards (RTSs) for the Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) have been adopted by the European Commission. RTS 22 is the most recent RTS to be adopted which outlines the expectations for “reporting of transactions to competent authorities”. This is a significant milestone for MiFID II as it will allow Approved Reporting Mechanisms (ARMs) to finalise documentation that firms will require in order to prepare for transaction reporting in January of 2018.
The link here is a table of the adoption status of each RTS related to MiFID II and MiFIR.