MiFID 3 and MiFIR 2 enhance transparency on markets in financial instruments

Consolidated publication systems and pre-trade transparency obligations among measures to be introduced.

Regulations aimed at enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimizing the trading obligations and prohibiting receiving payment for order flow have been published in the Official Journal of the European Union.

Regulation 2024/791 amending Regulation (EU) No 600/2014 (MiFIR) and Directive 2024/790 amending Directive 2014/65/EU (MiFID 2) on

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