Esma provides interim transparency calculations for Mifid 2, FCA issues implementation statement

The European Securities and Markets Authority (Esma) has issued an opinion with interim transparency calculations for non-equity instruments in relation to the implementation of the Markets in Financial Instruments Directive/Markets in Financial Instruments Regulation (Mifid 2). These calculations specify the transparency regime applicable to trading in secondary markets from January 3, 2018, when Mifid 2 will enter into force. Including non-equity products into Mifid 2's scope will be a 'majo