ARTICLE
26 May 2015

European Regulators Announce Delay For Delivery Of Draft Technical Standards Under The Market Abuse Regulation And The Markets In Financial Instruments Regulation And Directive

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
The extension is a result of the European Commission conducting an early legal review of draft technical standards.
European Union Finance and Banking
A&O Shearman are most popular:
  • within Insolvency/Bankruptcy/Re-Structuring, Environment, Media, Telecoms, IT and Entertainment topic(s)

On May 13, 2015, ESMA published letters between itself and the European Commission which set out their agreement for the deadline for delivery by ESMA of technical standards due under the Market Abuse Regulation and the Markets in Financial Instruments Directive II to be postponed to the end of September 2015. The extension is a result of the European Commission conducting an early legal review of draft technical standards. The early legal review will assess the legality and legislative consistency of technical standards under UCITS V, the Transparency Directive, the Central Securities Depository Regulation, MAR and MiFID II.

ESMA's letter is available at: http://ec.europa.eu/finance/general-policy/docs/level-2-measures/2015-05-11-letter-maijoor-faull_en.pdf and the European Commission's letter is available at: http://ec.europa.eu/finance/general-policy/docs/level-2- measures/2015-05-11-letter-faull-maijoor_en.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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More