ICMA brings together senior buy-side, sell-side and trading venue active market participants, in various ICMA committees, working groups and councils to discuss the impact of MiFID II on European business models. Through robust discussion, ICMA members will better understand the ‘direction of travel’ for European fixed income primary and secondary markets, and plan accordingly.
The main topics we are focusing on are listed below with the appropriate links to resources on the website.
| Product governance Allocation justification recording Inducements Costs and charges Trade and transaction reporting |
Primary markets |
| Rule interpretation Ongoing MiFID II related challenges Emerging trading workflow practices European & cross-border electronic trading market structure Developing trading technology & data landscape |
Secondary markets |
| Securities financing transactions Best execution reporting |
Repo and collateral markets |
| Research unbundling | Asset management |
MiFID II/R implementation updates from ICMA
We have been sending out regular updates on the practical implementation of MiFID II/R relating to primary markets, secondary markets, repo and collateral markets, and research unbundling for asset management.
