The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

January 2012


The London Stock Exchange Group has submitted a response to the questionnaire on MiFID/MiFIR by Markus Ferber MEP.

In our submission we highlight the following key points:

·         We support the provision of access to licences to trade/clear financial instruments based on an index/benchmark, the provisions for non-discriminatory access to CCPs/trade feeds and the intention to provide for fungibility and margin offsetting;

·         We welcome the proposals for the creation within the MTF category of a new sub-group category of SME Growth Market and support the proposed definition of SME for the purposes of MiFID, although we warn against any reduction in the thresholds;

·         We support the proposals to enhance post trade data quality and harmonisation and endorse the work on the Market Model Typography (MMT) that is being undertaken in co-operation with the vendors, FESE and now with ESMA;

·         We support the extension of transparency to other asset classes and all venues, although requirements must be appropriately calibrated per asset class as necessary;

·         We are concerned that the Commission’s proposed arrangements on third countries will be damaging to existing access to third country business and we suggest that the appropriate approach might be an omnibus Directive on third country issues;

 

LSEG response to MiFId/MiFIR questionnaire by Markus Ferber MEP(pdffile pdf - 152 KB)

 

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds