Powered by Lexis+®
Jurisdiction(s):
European Union

EU financial services: ESMA final report on MiFIR review RTS for derivatives transparency and OTC consolidated tape; EBA/ECB 2025 payment fraud report highlights SCA effectiveness

Published on: 15 December 2025

Published by a LexisNexis EU Law expert
Legal News
Table of contents
  • EU financial services developments
  • ESMA publishes RTS on derivatives transparency and the OTC derivatives tape
  • EBA and ECB publish 2025 edition of their joint report on payment fraud
Article summary

EU financial services developments ESMA publishes RTS on derivatives transparency and the OTC derivatives tape

The European Securities and Markets Authority (ESMA) has issued its Final Report addressing mandates from the MiFIR Review on trading transparency for derivatives, package orders, and the over-the-counter (OTC) derivatives consolidated tape (CT) input and output data. ESMA has delivered the report to the European Commission, which will then have three months to decide whether to endorse the proposed regulatory technical standards (RTS). The rules are anticipated to apply from 1 March 2027. The envisaged pre- and post-trade transparency obligations for exchange-traded derivatives (ETDs) and OTC derivatives seek to maximise transparency whilst ensuring that liquidity providers are not exposed to disproportionate risk under the proposed regime...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow