FIA and FIA Europe Issue Special Report on Third-Country Firms under MiFID II

The Futures Industry Association ("FIA") and FIA Europe issued a special report titled "Third Country Firms under MiFID II." The report provides an overview of the proposals relating to the treatment of third-country firms seeking to provide services to EU-based customers as set out in the European Securities and Markets Authority's ("ESMA") Discussion and Consultation Papers on MiFID II and MiFIR.

The report is the seventh in a series of reports that cover specific areas of ESMA's consultation process for the implementation of the recast MiFID II and MiFIR. The papers contain technical draft advice and questions on the proposed Regulatory Technical Standards and Implementing Technical Standards.

Related news: FIA Issues Special Report: "Defining High Frequency Trading" (June 24, 2014); FIA Issues Special Report, "Open Access: CCPs, Trading Venues and Benchmarks" (June 10, 2014).