Author: Karen Cooper

EU MiFID II/MiFIR: ESMA confirms asset classes and timeline for transition to DPE regime

ESMA has published a statement on the transition to the new regime setting out the waterfalls for post-trade transparency reporting of OTC-transactions, known as the Designated Publishing Entity (DPE) regime. The DPE regime, which was introduced under new Article 21a of MiFIR, determines which counterparty to an OTC trade is responsible for making a transaction public through an approved publication arrangement (APA), by allowing firms to opt into DPE status at an asset class level.