Open access faces new threat as doc shows new delay rationale

Open access, the much fought over and delayed section of the second Markets in Financial Instruments Directive (MiFID II), is facing further pushback, according to a European Council document seen by GlobalCapital.

Regulators granted almost immediate relief on open access for Europe’s major clearing houses and exchanges when the Markets in Financial Instruments Regulation (MiFIR) kicked in in January 2018.

That exemption is due to last until July 3, from when central counterparty clearing houses (CCPs) will have to clear



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