CFFEX Included in ESMA’s Post-Trade Transparency Positive List
The European Securities and Markets Authority (ESMA) recently published an updated opinion on post-trade transparency under MiFID II and MiFIR and its annexed list covering the post-trade transparency assessment results of 136 third-country trading venues (TCTVs) (https://www.esma.europa.eu/press-news/esma-news/esma-updates-transparency-and-position-limit-opinions-3rd-country-venues). Based on its assessment, ESMA has concluded that China Financial Futures Exchange (CFFEX) meets all the relevant criteria and is therefore added to the positive list concerning TCTVs post-trade transparency assessment. European Union investment firms concluding transactions on TCTVs included in the positive list are relieved from the obligation to make those transactions post-trade transparent via an approved publication arrangement (APA).
In recent years, under the leadership of the CSRC, CFFEX has been benchmarking itself to international principles and best practices, and continuously improving its capability to serve investors at home and abroad. Next, CFFEX will continue to follow the latest international standards and enhance its global influence, thus contributing to the development of the international financial center in Shanghai and the further opening-up of China’s financial market.
SHFE and INE Included in ESMA’s Post-Trade Transparency Positive List
A few days ago, the Shanghai Futures Exchange (SHFE) and the Shanghai International Energy Exchange Center (INE) have been included in the third country trading venues (TCTVs) of the European Securities and Markets Authority (ESMA)’s post-trade transparency positive list.
It is reported that ESMA's assessment covers 136 third country trading venues (TCTVs) in 25 countries around the world. When an EU investment company participates in a transaction in a third country trading venues (TCTVs) listed on the positive list, it is not necessary to conduct additional post-transaction information disclosure through an approved publication arrangement (APA). The previous issue and the previous period of energy have fully met ESMA's evaluation criteria based on the "EU Financial Instruments Market Directive II" (MiFID II) and the "EU Financial Instruments Market Regulation" (MiFIR), successfully entered the ESMA positive list and will provide more convenience for EU investors to participate.
In recent years, under the leadership of the China Securities Regulatory Commission, the Shanghai Futures Exchange (SHFE) and the Shanghai International Energy Exchange Center (INE) have actively explored international development paths, intensified overseas marketing efforts, and are committed to improving market infrastructure construction and optimizing various rules and regulations such as trading, settlement, and delivery. They also facilitated foreign investors to participate in the market. In the next step, the Shanghai Futures Exchange (SHFE) and the Shanghai International Energy Exchange Center (INE) will continue to target world-class exchanges, insist on planning for the future with world vision, establish rules with international standards, highlight characteristics with local advantages, continue to create a new two-way opening pattern, and increase exchange market influence.