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ARTICLE · 23 MARCH 2026

MiFID Monitor Q1 2026

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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ESMA withdraws market data guidelines as new regulatory standards take effect, while AMLA assumes full AML/CFT oversight from EBA. How will these regulatory shifts reshape compliance frameworks for financial institutions across the European Union?

IrelandFinance and Banking
Keith Waine
Keith Waine
Karen Jennings
Karen Jennings
Brian McGlone
Brian McGlone
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For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.

1 MiFID II

1.1 Withdrawal of Guidelines on the MiFID II/ MiFIR obligations on market data

On 23 February 2026, the European Securities and Markets Authority (ESMA) published its decision to withdraw its Guidelines on the MiFID II1/MiFIR2 obligations on market data3 (Guidelines) reflecting its on-going commitment to simplifying rules and reducing unnecessary compliance burdens for market participants.

The Guidelines are being withdrawn with immediate effect as the clarifications on the subject matter which they covered have been incorporated into the newly applicable regulatory technical standards (RTS) on the obligation to make market data available to the public on a reasonable commercial basis (RTS on RCB)4, which came into force on 23 November 2025. Market data providers authorised before that date benefit from a transition period until 22 August

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