This agency was given way too much power, as far as I am concerned.
ESMA reviews the transparency regime for non-equity instruments for MiFIR
Europe’s market regulator, the European Securities and Markets Authority (ESMA) has launched a Consultation Paper in review of the transparency regime for non-equity instruments and the trading obligation for derivatives under the Market in Financial Instruments Regulation (MiFIR). In this Paper, ESMA makes proposals for possible amendments to the transparency regime based on data analyses of the effects of the current regime since January 2018. With this review, ESMA aims to simplify the current complex trade reporting regime and to create uniform set of rules in the European Union, as well as to improve the ... (full story)