One year after implementation, CESR has started to assess the impact and functioning of the Markets in Financial Instruments Directive (MiFID). Given that the first anniversary of MiFID coincides with a global financial crisis, CESR has also reinforced its ongoing work on market transparency. As part of the assessment of MiFID, CESR published today two Calls for Evidence - one on the impact that MiFID has had on secondary markets functioning and a further Call for Evidence on the scope of MiFID’s transaction reporting obligations. CESR also announces it has updated its transaction reporting exchange mechanism (TREM) improving further the exchange of information amongst supervisors.
For further information, please see the press release.
