AMF reports no incident for first day trading under Mifid II rules

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AMF reports no incident for first day trading under Mifid II rules

Investment firms had until midnight on 4 January to declare their trade reports to French financial market authority AMF and be compliant with Mifid II rules.

The regulator said its new monitoring system ICY – implemented during the second half of 2017 and designed to screen data representing large and varied trading volumes including Mifid II data – received and processed over 1 million trades from around 50 investment firms and ARMs.

“The volumes processed demonstrate the market place’s overall good state of preparedness, even if further efforts must be made by some firms. Inter-regulator data exchange has also commenced,” stated AMF.

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