Mifid II delay raises questions over MAR

Author: Lizzie Meager | Published: 9 Mar 2016

Market participants have voiced concerns over the alignment of reporting requirements under the Markets in Financial Infrastructure Directive (Mifid) II and the Market Abuse Regulation (MAR).

European Parliament voted
to delay Mifid II in February
Under MAR, which comes into force on July 3 this year, firms will be required to submit regular, detailed transaction reports. Meanwhile Mifid II goes even further, insisting that firms monitor all trading activity passing through their systems. Because both regulations work towards the same goal of maintaining the competitiveness, integrity and efficiency of EU financial markets, they must be updated simultaneously to ensure coherence. For example, reaching the political agreement on MAR was subject to agreement on Mifid II first, as the latter contains part of the former’s...