Work Program
| Here are some of most important issues from NSA Work Program for Autumn 2011: | ||
| Topic | Description | Relevant committee |
| MiFID Review | The Commission has adopted a proposal for new Regulation for a Directive on markets in financial instruments repealing Directive 2004/39/EC of the European Parliament and of the Council on 20 October 2011. | Nordic Equity Market Committee |
| EMIR | On 15 September 2010, the Commission adopted a Regulation on OTC derivatives, central counterparties and trade repositories. | Legal WG |
| Market Abuse Legislation | Regulation on insider dealing and market manipulation (market abuse), and for a Directive on criminal sanctions for insider dealing and market manipulation were adopted by the Commission on 20 October 2011. | Market Infrastructure Committee |
| Short selling |
The Commission adopted proposal for a Regulation on short selling and certain aspects of Credit Default Swaps on 15 September 2010.
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Legal WG |
| Securities Law Directive (SLD) | The second Commission consultation ended in January 2011. | Legal WG |
| Central Securities Depositaries (CSD) | The Commission consulted for a harmonisation of certain aspects of securities settlement in the European Union. The public consultation ended in March 2011. | Legal WG |
| CCP | NASDAQ OMX is aiming for a launch of interoperability between CCPs in April 2012. | Nordic Market Infrastructure Committee |
| Algoritmic / High Frequency Trading | MiFID II proposes limitation for HF trading. In addition, ESMA consulted on guidelines for High Frequency trading in October 2011. | HFT WG |