ESMA Publishes Cost-Benefit Analysis Regarding MiFID II

ESMA published a preliminary cost-benefit analysis ("CBA") regarding regulatory technical standards and their implementation as proposed by ESMA for MiFID II.

According to ESMA, the CBA should be read together with the Consultation Paper and the draft standards published by ESMA on December 19, 2014. Together, they cover most of the topics with which ESMA is mandated on Level 2. A full and all-encompassing CBA will follow, together with the publication of the final technical standards on MiFID II.