FAQ - Amendments to LuxSE Rules and Regulations
- Legal framework. Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 along with Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (jointly MiFID II/ MiFIR), entering into force on January 2018, represent a considerable new regulatory framework, impacting LuxSE and its current R&R.
- Amendments needed. LuxSE ran a dedicated full review exercise of its R&R, which have been amended to conform to MiFID II/MiFIR, as well as to all relevant Level 2 and 3 implementing regulations and guidelines. LuxSE Trading Manual (TM) was updated accordingly.
- Amendments released. LuxSE is pleased to announce the availability of the amendments to its R&R, along with the TM, which are now available on our website.
- MiFID II/MiFIR related amendments vis-à-vis other amendments. Amendments relate mostly and more importantly to MiFID II/MiFIR and relevant Level 2 and 3 implementing regime. You will find, however, non-specific MiFID II/MiFIR related amendments in this new version of the R&R. LuxSE takes this opportunity to introduce minor adjustments to better align and frame the R&R to its current practice, markets’ needs and expectations.
This Q&A spans into 4 main sections, as follows:
I. Effective implementation date
II. MiFID II/MiFIR related amendments
III. Non - MiFID II/MiFIR related amendments
IV. Main changes on structure
Below, please find relevant Q&A in what regards each of the aforementioned section.
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