European Commission to review the proposal within three months; rules expected to apply from March 2027.

The European Securities and Markets Authority (Esma) has published its final report on mandates under the Markets in Financial Instruments Regulation (Mifir) review, covering derivatives trade transparency, package orders and requirements for the over-the-counter (OTC) derivatives consolidated tape. Mifir is an EU law that works alongside the Mifid 2 Directive Mifir is an EU law that works alongside the Mifid 2 directive. Its core aim is to enhance market transparency, efficiency, and i