Potential Market Readiness Activities
MiFID II will introduce several new requirements for members and participants of Trading Venues. In turn these requirements will trigger a number of preparatory activities prior to implementation as well as routines and procedures that will need to be performed continuously or periodically.
The implementation of new MiFID II related system functionalities is expected to occur throughout 2017 and a number of these readiness activities will be associated with required system updates.
In addition, there will be other mandatory member readiness activities required by MiFID II and these activities are also expected to occur in 2017. Below is a preliminary list of such potential activities.
It should be noted that the information herein is not intended to be comprehensive or to provide legal advice on any matter and some of these activities are based on unofficial standards. Consequently the information below is subject to change. Additionally, this list is based on requirements placed on Trading Venues and is not an exhaustive list of requirements placed on Investment Firms.
In time Nasdaq intends to provide detailed information on the implementation of these readiness activities.