CESR published today updates of three MiFID Protocols. The first Protocol that CESR updated, deals with the operation of the CESR MiFID Database (Ref. CESR/09-172b) which now includes an Annex 2 that provides information on how CESR Members will make the calculations to be published in the database on the first trading day of March 2010. These calculations are required for the operation of the MiFID market transparency regime. In addition to the currently used regulated market data, CESR Members will include in these calculations the trading data from the three most relevant Multilateral Trading Facilities (MTFs) in terms of overall market share.
The second Protocol updated focuses on the Supervision of Branches under MiFID (Ref. CESR/07-672b) which has been modified by noting that Standing Requests for Assistance will refer to both present and future branches.
Finally, the third Protocol updated is on MiFID Passport Notifications (Ref. CESR/07-317c). It has been amended to include into the standard notification forms information about investment services provided through tied agents. Some of the contact details in the Annexes of this Protocol have also been updated.