European Securities and Markets Authority Announces MiFID II Tick-Size Regime Forbearance
03/20/2020The European Securities and Markets Authority expects national regulators to de-prioritize their supervision of the new tick-size regime for systematic internalizers under the Markets in Financial Instruments Regulation in light of the challenges posed by COVID-19. Amendments to the MiFIR tick-size regime were introduced by the Investment Firms Regulation and are due to come into effect on March 26, 2020. ESMA's statement demands that national regulators do not prioritize supervisory actions in relation to the new regime from March 26, 2020 until June 26, 2020.
View ESMA's statement on regulatory forbearance for new tick-size regime.
View details of the Investment Firms Regulation.
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