Decision on the withdrawal of guidelines on the MiFID II/ MiFIR obligations on market data

https://www.esma.europa.eu/document/decision-withdrawal-guidelines-mifid-ii-mifir-obligations-market-data
Success
Service Payment Network System 25% Payment Processors 15%
Specialism Regulatory Reporting 45% Data Governance 35%
2026-02-23 14:49:08 · adavies@vixio.com
ID
2899297
GUID
738dbb0f946d77ea8b950816d89d3576

Classification

Service
Payment Network System (25%)

This update concerns MiFID II/MiFIR market data obligations for investment firms and trading venues, which are capital markets regulations unrelated to payment services or payment handling.

Payment Processors (15%)

While payment networks involve message routing and data handling, this update is fundamentally about securities market data transparency obligations, not payment message infrastructure or payment processing.

Specialism
Regulatory Reporting (45%)

While the update concerns regulatory guidance withdrawal, it addresses MiFID II/MiFIR market data obligations for investment firms and trading venues, which fall outside the payments-specific scope of this taxonomy.

Data Governance (35%)

The guidance withdrawal relates to post-trade data reporting and transparency requirements, but these obligations apply to securities markets rather than payment service providers or payment systems.

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TITLE: European Securities and Markets Authority Withdraws Guidelines on MiFID II and MiFIR Market Data Obligations BODY: The European Securities and Markets Authority (ESMA) has decided to withdraw its guidelines on the MiFID II and MiFIR obligations on market data. The decision, referenced as ESMA74-276584410-11228, was made by the Board of Supervisors. The guidelines addressed market data obligations under the Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). These obligations govern how market participants handle, report, and disseminate market data, including real-time transparency requirements and post-trade data reporting. The withdrawal of these guidelines reflects ESMA's ongoing review of its technical guidance and supervisory framework. This action may indicate that ESMA is consolidating, updating, or replacing the existing guidance with revised technical standards or new guidance that better reflects current market practices and regulatory developments. Market participants, including investment firms, trading venues, and data service providers subject to MiFID II and MiFIR, should monitor ESMA's communications for any replacement guidance or clarifications on market data obligations. Entities relying on the withdrawn guidelines should review their compliance procedures and seek alternative guidance from ESMA or national competent authorities to ensure continued adherence to MiFID II and MiFIR market data requirements. REFERENCES: ESMA74-276584410-11228 – Decision on the withdrawal of guidelines on the MiFID II/ MiFIR obligations on market data
  • ✓ Scraped:2026-02-23 14:49:08
  • ✓ Created:2026-02-23 14:49:07
  • ✓ By:adavies@vixio.com (41)