Authors: James Morris, Karen Cooper

Commission approves "phase 1" amendments to MiFIR RTS 1 equity pre- and post-transparency

On 17 January 2023, the European Commission approved amendments to MiFIR RTS 1 (and RTS 2). The amendments to RTS 1 could 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 1 and related key points from ESMA’s draft Level 3 guidance.