The Global Technical Committee has reviewed and preliminarily approved the MiFID II and MiFIR Extensions Part 2 Proposal. This proposal addresses the Part 2 business requirements from the MiFID II Workshop (September 23, 2016) discussions including input from the Transparency Subgroup and the Order Data and Recordkeeping Subgroup. References considered in the gap analysis include:
- FIX Trading Community - MiFID II Workshop September 23rd, 2016 Minutes (Dated October 10, 2016)
- ESMA RTS documents reference via this link: http://ec.europa.eu/finance/securities/docs/isd/mifid/its-rts-overview-table_en.pdf
Specifically RTS 1, RTS 2, RTS 6, RTS 22, and RTS 24 - MiFID II: Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1472752877422&uri=CELEX:32014L0065
- MiFIR: Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012. http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R0600
This gap analysis introduces multiple enhancements to FIX to support MiFID II and MiFIR requirements.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread. A link to the proposal can be found at: http://www.fixtradingcommunity.org/pg/file/fplpo/read/3954232/fix-protocol-ga-mifidmifir-ii-extension-proposal-part-3