Two key aspects of MiFID II and MiFIR – transaction reporting and the new position limits regime – are likely to have a wide-ranging impact on any person transacting in the European derivatives markets, including traders located in the United States. MiFIR significantly broadens the transaction reporting requirements to cover a wider range of products and reportable transactions. MiFID II establishes a new, European-wide position limits regime that, while similar in certain respects to the CFTC position limits rules, also departs considerably from the CFTC approach in several areas. Please join two members of Katten’s London-based financial services team to learn more about how these new transaction reporting and position limits requirements will affect U.S. market participants’ trading activities in Europe.
Neil Robson and Nathaniel Lalone of Katten Muchin Rosenman UK LLP