EC adopts MiFIR RTS amendments on derivatives, package orders and consolidated tape

The European Commission has adopted a Delegated Regulation amending regulatory technical standards (RTS) under the Markets in Financial Instruments Regulation (MiFIR) to implement amendments arising from the MiFIR Review (Regulation (EU) 2024/791) and support the establishment of the over-the-counter (OTC) derivatives consolidated tape. The Delegated Regulation amends the RTS in:

• Delegated Regulation (EU) 2017/583 on transparency requirements for trading venues and investment firms.
• Delegated Regulation (EU) 2017/2194 on package orders.
• Delegated Regulation (EU) 2025/1155 to specify the input and output data for the OTC derivatives consolidated tape and remove exchange-traded commodities and exchange-traded notes from the bond consolidated tape.

The Delegated Regulation also corrects an unintended amendment in Delegated Regulation (EU) 2017/587 by reinstating the requirement for investment firms to take reasonable steps to ensure certain transactions are made public as a single transaction, and by removing a provision that had been inadvertently retained.

The Regulation will enter into force on the 20th day following its publication in the Official Journal of the European Union, with the majority of the amendments applying from 1 March 2027.

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