MiFID II: ESMA consults on systematic internalisers’ quote rules

MiFID Firms

Date: 20 November 2017
On 9 November 2017, the European Securities and Markets Authority (ESMA) opened a public consultation on a proposed amendment to the Regulatory Technical Standard (RTS 1) which details the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). ESMA proposes to amend RTS 1 to clarify that systematic internalisers’ (SI) quotes should reflect the price increments applicable to EU trading venues.