ARTICLE
3 August 2016

MiFID: Commission Delegated Regulation On Admission To Trading (Corporate Aspects)

SS
Shearman & Sterling LLP

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On 24 May 2016, the European Commission published a delegated regulation under MiFID II regarding the technical standards for the admission of financial instruments to trading on regulated markets.
European Union Corporate/Commercial Law

On 24 May 2016, the European Commission published a delegated regulation under the Markets in Financial Instruments Directive (II) ("MiFID II") regarding the technical standards for the admission of financial instruments to trading on regulated markets. Corporate aspects of the text of the regulation remain in substantially the same form as the text proposed by ESMA in its September 2015 report.

For a summary of the previous draft submitted by ESMA on 28 September 2015, please see our Q3 2015 Governance and Securities Law Focus newsletter available here:

http://www.shearman.com/~/media/Files/NewsInsights/Publications/2015/10/Governance-and-Securities-Law-Focus-CM-101315.pdf

The delegated regulation will enter into force on the 20th day after its publication in the Official Journal and will apply from 3 January 2017, subject to the European Parliament and Council not opposing it under Article 13 of Regulation 1095/2010.

The delegated regulation can be accessed here:

https://ec.europa.eu/transparency/regdoc/rep/3/2016/EN/3-2016-3017-EN-F1-1.PDF

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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