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The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its Final Report
on Guidelines on the MiFIDII/MiFIR obligations on market data.
The Guidelines, by providing clarity for market participants, will ensure better and uniform application of these MiFID II/MiFIR obligations. The guidelines apply to national competent authorities, trading venues, approved publication arrangements, consolidated tape providers and systematic internalisers.
Next steps
The application date for the Guidelines is set on 1 January 2022 to allow for an adequate period of implementation by market participants. The Guidelines will first be translated into all EU official languages. Then the regular comply or explain procedure will be carried out ahead of full application of the Guidelines.