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  • High-level roadmap for adoption of T+1 in EU securities markets

    The European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets, has published a report titled "High-level Roadmap for Adoption of T+1 in EU Securities Markets."

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  • FIA EPTA response to the ESMA Third Consultation Package on MiFIR Level 2 measures

    FIA EPTA response to the first section of ESMA’s Third Consultation Package on MiFIR Level 2 measures. This package includes proposed changes to RTS 1, the Liquid Market definition and equity CTP input/output requirements. FIA EPTA’s response is confined to the proposals regarding SI equity pre-trade transparency in RTS 1.

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  • Tide of Change: Enhancing Liquidity Provision to the European Economy

    FIA EPTA has released its policy recommendations for 2024-29, under the title Tide of Change: Enhancing Liquidity Provision to the European Economy. The EU urgently needs to bolster its capital markets to achieve its strategic objectives for a safe, green and prosperous future for its citizens. To grasp the opportunities ahead and ensure the success of the Savings and Investment Union, the EU needs capital markets with deep and diverse liquidity.

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  • FIA EPTA response to the ESMA MiFIR Review Consultation on RTS on the Synchronisation of Business Clocks

    FIA EPTA members are generally supportive of ESMA’s proposed changes to the RTS on synchronisation of business clocks. In relation to the proposed extension of the clock synchronisation requirements to new entities,  in general, we agree with the proposed accuracy levels for APAs, SIs, DPEs and CTPs subject to one exception: we believe that the accuracy levels for SIs with a gateway-to-gateway latency less than one millisecond should be the same as that for trading venues and their participants with the same gateway-to-gateway latency.

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