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Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), today gave a statement to the European Parliament’s Economic and Monetary Affairs Committee (ECON) on MiFID II during its scrutiny session.
In the speech, Maijoor sets out the rationale for ESMA’s Opinions on the three technical standards which the Commission has advised ESMA it intends to endorse with amendments. These technical standards relate to transparency measures for non-equity instruments, position limits for commodity derivatives, and the definition of what constitutes ancillary activities for non-financial firms.
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