MiFID-II Materialsammlung

Datum Kennung Inhalt  
3-Jul-2014 2014/65/EU MiFID II Originaltext der Richtlinie (mit Anhängen I-IV) 2014___65_EU MiFID II_Level1_original_text_english
2014___65_EU MiFID II_Level1_original_text_deutsch (148 Seiten)
3-Jul-2014 2014/600/EU MiFIR Originaltext der Verordnung MIFIR_EU600-2014_original_text_english
MIFIR_EU600-2014_original_text_deutsch (65 Seiten)
19-Dec-2014

ESMA/2014/1569

Result of "CP 1"
ESMA/2014/549

Adoption in
C(2016) 2031
C(2016) 2398
C(2016) 2860

ESMA FINAL REPORT
"ESMA’s Technical Advice to the Commission on MiFID II and MiFIR".

446 Seiten mit ESMA-Aufgabenstellung, Ergebnis & Analyse der Konsultationen aus Consultation-Paper 2014/549
und "Technical Advice" an die EU-Kommission.

2014_1569_esma_final_report_tech_advice (446 pages)
29-Jun-2015

ESMA2015/1006

Result of "CP 2"
ESMA/2014/1570


ESMA FINAL REPORT

MiFID II/MiFIR draft Technical Standards on authorisation, passporting, registration of third country firms and cooperation between competent authorities

2015_1006 esma_final_report (131 pages)
28-Sep-2015

ESMA/2015/1464

Result of "CP 2"
ESMA/2014/1570

ESMA FINAL REPORT
"Draft Regulatory and Implementing Technical Standards MiFID II/MiFIR"
Der Anhang enthält Entwürfe (drafts) aller 28 RTS (regulatory tech. standards).
Folgende Liste enthält auch den zurgehörigen Link zur späteren Umsetzung:
1: Transaprency (shares) 2017-0587
2: Transparency (bonds) 2017-0583
3: Volume cap mechanism 2017-0577
4: Trading Obligation derviatives 2016-2020
5: Derivative contracts 2017-0579
6: Alorithmic Trading 2017-0589
7: Organisational requirements Trading Venues 2017-0584
8: Market making agreements 2017-0578
9: ratio of unexecuted orders to transactions 2017-0566
10: fair colocation and fee structures 2017-0573
11: tick size regime 2017-0588
12: determination material market 2017-0570
13: data reporting service providers 2017-0571
14: pre- and post-trade data 2017-0572
15: clearing access 2017-0581
16: Access benchmarks 2016-2021
17: admission to trading on market 2017-0568
18: suspension and removal from trading 2017-0569
19: MTF + OTF description format 2016-0824
20 Criteria for ancillary business 2017-0592
21: commodity position limits 2017-0591
22: reporting of transactions 2017-0590
23: formats for reference data (FIRDS) 2017-0585
24: maintenance of order data 2017-0580
25: accuracy of business clocks 2017-0574
26: clearing obligation derivatives 2017-0582
27: venue data quality of execution 2017-0575
28: inv.firm publication quality of execution 2017-1018

2015_1464_esma_final_report_draft_rts_and_its (402 pg)
2015_1464_esma_annex_i_draft_rts_and_its (553 pg)
26-Nov-2015

consultation:
ESMA 2015/610

final:
ESMA/2015/1783

Guidelines:
ESMA 2015/1787

ESMA consultation paper + final report + guidelines
...on complex debt instruments and structured deposits

Kriterien dafür, wann Schuldtitel und strukturierte Einlagen als „komplex“ einzustufen sind. Darüber hinaus Erläuterung für den Begriff „eingebettete Derivate“. Damit wird ein Rahmen für die Beurteilung der Zulässigkeit reiner Ausführungsgeschäfte (Artikel 25 Absatz 4 MiFID II) geschaffen.

2015-610_cp_mifid_guidelines_complex_products
2015-1783_esma_final_report

2015-1787 guidelines
2015-1787 Leitlinien

11-Dec-2015 ESMA/2015/1858 ESMA FINAL REPORT
"Draft implementing technical standards under MiFID II"
171 Seiten, im Anhang die acht ITS (implementing technical standards)
1: cooperation arrangements for trading venues 2017-0988
2: suspension and removal from trading 2017-1005
3: data reporting service providers 2017-1110
4: position reporting 2017-1093
5: weekly postion reports 2017-0953
6: supervisory activities 2017-0980
7: consulting competent autorities 2017-0981
8: submitting information on sanctions 2017-1111
2015-1858_final_report_draft_implementing_tec_standards
22-Dec-2015 ESMA/2015/1861 ESMA FINAL REPORT
Guidelines on cross-selling practices
2015-1861_esma_final_report_on_cross-selling
22-Mar-2016 ESMA/2015/1886

ESMA LEITLINIEN
Leitlinien für die Beurteilung von Kenntnissen und Kompetenzen
(gemeint sind die der Mitarbeiter, nicht der Kunden)

ESMA FINAL REPORT
Guidelines for the assessment of knowledge and competence

2015_1886 ESMA Leitlinien Kenntnisse
2015_1886 ESMA final report competence
7-Apr-2016

draft:
C(2016) 2031

final:
(EU)2017/593

 

COMMISSION DELEGATED DIRECTIVE
"...safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits", including...

  • obligations for product manufacturers
  • obligations for product distributors
  • Inducements (in connection with services)
  • Inducements in relation to research

2016_2031 commission delegated directive (englisch)
2016_2031 Delegierte Richtlinie der Kommission (deutsch)

inzwischen am 31.3.2017 verabschiedet als
2017__593 commission delegated directive (englisch)
2017__593 Delegierte Richtlinie der Kommission (deutsch )

 

25-Apr-2016

draft:
C(2016) 2398

final 25.4.16::
(EU)2017/565

Korrektur 31.3.17:
C/2017/6306

COMMISSION DELEGATED REGULATION
(„die MiFID-II delegierte Verordnung“)
"...organisational requirements and operating conditions for investment firms", including...

  • record keeping (Sect.8 + Annex I + IV)
  • Cost and Charges disclosure (Annex II)
  • Systematic Internaliser defnition
  • Compliance & risk mgmt measures
  • Complaints handling procedures
  • Remuneration policies
  • Outsourcing rules
  • Conflicts of interest policy
  • Information / Reporting to Clients
  • investment advice
  • Assessment of suitability and appropriateness
  • Best execution
  • Data Reporting Service Providers (Datenbereitstellungsdienstleistungen)

2017__565 commission delegated regulation
2017__565 Delegierte Verordnung der Kommission (83 Seiten)

 

18-May-2016

draft:
C(2016) 2860

final:
(EU)2017/567

COMMISSION DELEGATED REGULATION
"...definitions, transparency, portfolio compression and supervisory measures on product intervention and positions", including

  • definition of "liquid market"
  • Data provision obligations for trading venues
  • Data publication obligations for SIs
  • Conditions for "portfolio compression"
  • Supervisory measures on "product intervention"
  • Position management powers of ESMA

 

2017__567 commission delegated regulation
2017__567 Delegierte Verordnung der Kommission

2-Jun-2016

draft:
C(2016)3201

final:
(EU) 2017/571

COMMISSION DELEGATED REGULATION ( RTS 13 )
with regard to regulatory technical standards on the authorization, organisational
requirements and the publication of transactions for data reporting services providers

2016_3201-Commission delegated regulation
2016_3201 Delegierte Verordnung

inzwischen am 31.3.2017 verabschiedet als
2017__571 commission delegated regulation
2017__571 Delegierte Richtlinie der Kommission

8-Jun-2016

draft:
C(2016) 3333

final:
(EU)2017/575

COMMISSION DELEGATED REGULATION ( RTS 27 )
"...data to be published by execution venues on the quality of execution..."

2017__575 commission delegated regulation
2017__575 Delegierte Verordnung der Kommission

8-Jun-2016

draft:
C(2016) 3337

final:
(EU)2017/576

COMMISSION DELEGATED REGULATION ( RTS 28 )
... annual publication by investment firms of information on the identity of execution venues and on the quality of execution

2017__576 commission delegated regulation
2017__576 Delegierte Verordnung der Kommission
14-Jul-2016

draft:
C(2016) 4390

final:
(EU)2017/587

COMMISSION DELEGATED REGULATION ( RTS 1 )
regulatory technical standards on transparency requirements for trading venues and investment firms in respect of shares, depositary receipts, exchange-traded funds, certificates and other...
Chapter II: Pre-trade transparency
Chapter III: Post-trade transparency

2017__587 commission delegated regulation
2017__587 Delegierte Verordnung der Kommission
14-Jul-2016

draft:
C(2016) 4301

final:
(EU)2017/583

COMMISSION DELEGATED REGULATION ( RTS 2 )
regulatory technical standards on transparency requirements...for bonds, structured finance products, emission allowances and derivatives.
Including definition of "package transaction"
Chapter II: Pre-trade transparency
Chapter III: Post-trade transparency

2017__583 commission delegated regulation
2017__583 Delegierte Verordnung der Kommission
28-Jul-2016

draft:
C(2016) 4733

final:
(EU)2017/590

COMMISSION DELEGATED REGULATION ( RTS 22 )
"...technical standards for the reporting of transactions..."
(i.e. transaction reporting to supervisory entities)

 

2017__590 CDR_transaction_reporting
2017__590 DV_Meldung_von_Geschäften
5-Oct-2016

consultation:
ESMA/2016/1436

final:
esma35-43-620

ESMA consultation paper + guidelines
... on MiFID II product governance requirements
( nine questions & the draft guidelines in Annex 3)

2016_1436 cp_guidelines_on_product_governance

Nach Konsultation im "Final Report" veröffentlicht als:
esma35-43-620_report_on_guidelines_on_product_governance

10-Oct-2016 ESMA/2016/1452 ESMA GUIDELINES
Transaction reporting, order record keeping and clock synchronisation under MiFID II
( Guidelines for implementing RTS 22, 24 and 25)
2016_1452_guidelines_mifid_ii_transaction_reporting
2016_1452_guidelines_mifid_ii_transaction_rpt_de

4-Apr-2017

(update
3-oct-2017)

ESMA35-43-349

ESMA Questions and Answers
On MiFID II and MiFIR investor protection topics
1 Best ex
2 Suitability and appropriateness
3 Recording of telephone conversations and electronic communications
4 Record keeping
5 Investment advice on an independent basis
6 Underwriting and placing
7 Inducements (research)
8 Post-sale reporting
9 Information on costs and charges

2017 esma35-43-349_qas
17-Jul-2017 ESMA/2016/1521

Technical Reporting Instructions

MiFIR Transaction Reporting

2016-1521_reporting_instructions

Other external links:

Sekundärliteratur: