Just 3% of bonds deemed liquid in EC's Mifid II phase-in plan
Less than 3% of certain bonds will be subject to Europe's most controversial rules on trading and transparency for non-equity products from 2018, after the European Commission stipulated a phased-in approach to the requirements.
The EC confirmed, in a March 14 letter to the European Securities and Markets Authority (Esma), its intention to endorse three regulatory technical standards (RTS) in the second Markets in Financial Instruments Directive (Mifid II), subject to several amendments.
In the
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