Statement on Application of the temporary suspension of the obligation to publish RTS 27 reports

On 31 March 2021, the European Securities and Markets Authority (ESMA)  published a Statement to promote coordinated action by National Competent Authorities (NCAs) in the context of the temporary suspension of the obligation on execution venues in Article 27(3) of Directive 2014/65/EU (MiFID II), following the publication of the (EU) 2021/3383 (amending Directive) which made targeted amendments to MiFID II as part of the Capital Markets Recovery Package.

The Central Bank welcomes ESMA’s statement and in line with the statement the Central Bank will not be prioritising supervisory actions towards execution venues relating to the obligation to publish the RTS 27 reports until the date on which the national transposition measures of the amending Directive postpone that obligation in national law.