Authors: James Morris, Karen Cooper

MiFIR RTS 2 amendments to non-equity pre- and post-trade requirements may apply from Q2 2023

On 17 January 2023, the European Commission approved amendments to MiFIR RTS 2 (and RTS 1). The amendments to RTS 2 could, therefore, be published in the Official Journal as soon as April / May 2023, meaning that EU firms face a real challenge to get ready to apply some of the changes 20 days later (though some changes are deferred until January 2024). This note summarises the key changes to RTS 2 and related key points from ESMA's draft Level 3 guidance.