\u672c\u6587\u662f Finalto Group \u76d1\u7ba1\u62a5\u544a\u8d1f\u8d23\u4eba Eric Odotei \u64b0\u5199\u7684\u5ba2\u5ea7\u6587\u7ae0<\/em><\/strong><\/p>\n\n \u6b27\u6d32\u91d1\u878d\u76d1\u7ba1\u673a\u6784\u521a\u521a\u6682\u505c\u4e86\u300a\u91d1\u878d\u5de5\u5177\u5e02\u573a\u6307\u4ee4III\u300b\uff08MiFID III\uff09\u7684\u62a5\u544a\u6539\u9769\uff0c\u4ece\u800c\u5f7b\u5e95\u6539\u53d8\u4e86\u4ea4\u6613\u62a5\u544a\u7684\u683c\u5c40\u3002 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\u6b27\u6d32\u8bc1\u5238\u548c\u5e02\u573a\u7ba1\u7406\u5c40\uff08ESMA\uff09\u4e3b\u5e2d\u7ef4\u96f7\u5a1c\u00b7\u7f57\u65af\u5f3a\u8c03\u4e86\u8be5\u76d1\u7ba1\u673a\u6784\u7684\u76ee\u6807\uff0c\u5979\u8868\u793a<\/a>\uff1a\u201c\u6211\u4eec\u7684\u76ee\u6807\u662f\u5728\u63d0\u9ad8\u6570\u636e\u8d28\u91cf\u3001\u4fc3\u8fdb\u6570\u636e\u5171\u4eab\u5e76\u589e\u5f3a\u6570\u636e\u53ef\u7528\u6027\u7684\u540c\u65f6\uff0c\u964d\u4f4e\u5229\u76ca\u76f8\u5173\u65b9\u7684\u590d\u6742\u6027\u548c\u6210\u672c\u3002\u201d<\/p>\n\n \u4e3a\u5e94\u5bf9\u8fd9\u4e9b\u6311\u6218\uff0c\u6b27\u6d32\u8bc1\u5238\u548c\u5e02\u573a\u7ba1\u7406\u5c40\uff08ESMA\uff09\u5df2\u9080\u8bf7\u5229\u76ca\u76f8\u5173\u65b9\u5c31\u4e24\u9879\u65b9\u6848\u63d0\u51fa\u610f\u89c1\u3002<\/p>\n\n \u884c\u4e1a\u4e13\u5bb6\u8ba4\u4e3a\uff0c\u6b64\u6b21\u54a8\u8be2\u6807\u5fd7\u7740\u6218\u7565\u6027\u6682\u505c\uff0c\u800c\u975e\u7b80\u5355\u7684\u63a8\u8fdf\u3002\u5728\u6700\u65b0\u4e00\u671f\u7684 RegCast<\/i><\/a>\u8282\u76ee\u4e2d\uff0cRegRisk Legal Solutions\u9996\u5e2d\u6267\u884c\u5b98PJ Di Giammarino\u9610\u8ff0\u4e86\u8fd9\u5bf9\u4f01\u4e1a\u610f\u5473\u7740\u4ec0\u4e48\uff1a\u201c\u6b64\u524d\u4f60\u4eec\u88ab\u8981\u6c42\u79ef\u6781\u5efa\u8bbe\u3002\u5982\u4eca\u88ab\u8981\u6c42\u6682\u505c\uff0c\u4f46\u8981\u505a\u597d\u968f\u65f6\u91cd\u542f\u7684\u51c6\u5907\u3002\u82e5\u8bef\u5224\u5f53\u524d\u5f62\u52bf\uff0c\u4ee3\u4ef7\u5c06\u52a0\u500d\u3002\u201d <\/p>\n\n \u6b27\u6d32\u8bc1\u5238\u548c\u5e02\u573a\u7ba1\u7406\u5c40\uff08ESMA\uff09\u8fd8\u786e\u8ba4\uff0c\u5728\u6b64\u6b21\u54a8\u8be2\u671f\u95f4\uff0c\u8be5\u673a\u6784\u5c06\u4e0d\u4f1a\u63a8\u8fdb\u76ee\u524d\u5728\u300a\u5e02\u573a\u57fa\u7840\u8bbe\u65bd\u76d1\u7ba1\u6761\u4f8b\u300b\uff08MiFIR\uff09\u6846\u67b6\u4e0b\u6b63\u5728\u5ba1\u8bae\u7684\u5173\u952e\u6280\u672f\u6807\u51c6\u4fee\u8ba2\u63d0\u6848\uff0c\u5177\u4f53\u5305\u62ec\u5173\u4e8e\u4ea4\u6613\u62a5\u544a\u7684\u7b2c22\u53f7\u76d1\u7ba1\u6280\u672f\u6807\u51c6\uff08RTS 22\uff09\u3001\u5173\u4e8e\u53c2\u8003\u6570\u636e\u7684\u7b2c23\u53f7\u76d1\u7ba1\u6280\u672f\u6807\u51c6\uff08RTS 23\uff09\u4ee5\u53ca\u5173\u4e8e\u8ba2\u5355\u7c3f\u6570\u636e\u7684\u7b2c24\u53f7\u76d1\u7ba1\u6280\u672f\u6807\u51c6\uff08RTS 24\uff09\u3002 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Derivative\u516c\u53f8\u7684\u683c\u5170\u7279\u00b7\u6d77\u5229\u6307\u51fa<\/a>\u3002 \u201c\u8bb8\u591a\u516c\u53f8\u4ee5\u4e3a\u8fd9\u80fd\u4e3a\u4ed6\u4eec\u4e89\u53d6\u65f6\u95f4\uff0c\u4f46\u73b0\u5b9e\u662f\uff0c\u5bf9\u6570\u636e\u8d28\u91cf\u548c\u6cbb\u7406\u7684\u671f\u671b\u53ea\u4f1a\u8d8a\u6765\u8d8a\u9ad8\u3002\u201d\u4e8b\u5b9e\u4e0a\uff0c\u6570\u636e\u8d28\u91cf\u6b63\u9010\u6e10\u6210\u4e3a\u6838\u5fc3\u95ee\u9898\u3002\u62a5\u544a\u8d28\u91cf\u4f4e\u4e0b\u4e0d\u518d\u88ab\u89c6\u4e3a\u8f7b\u5fae\u7684\u6280\u672f\u8fdd\u89c4\uff0c\u800c\u662f\u88ab\u89c6\u4e3a\u5173\u952e\u7684\u98ce\u9669\u6307\u6807\u3002 \u6839\u636e\u6b27\u6d32\u592e\u884c\u7684\u201c\u76d1\u7ba1\u5ba1\u67e5\u4e0e\u8bc4\u4f30\u7a0b\u5e8f\u201d<\/a>\uff08SREP\uff09\uff0c\u6570\u636e\u7f3a\u9677\u53ef\u80fd\u5bfc\u81f4\u989d\u5916\u8d44\u672c\u8981\u6c42\u3002PJ Di Giammarino\u8b66\u544a\u79f0\uff1a\u201c\u6b64\u6b21\u91cd\u7f6e\u4e0d\u4ec5\u4ec5\u662f\u66f4\u65b0\u653f\u7b56\uff0c\u800c\u662f\u8981\u5728\u6f0f\u6d1e\u6f14\u53d8\u4e3a\u8d44\u672c\u6216\u58f0\u8a89\u98ce\u9669\u4e4b\u524d\uff0c\u786e\u4fdd\u5408\u89c4\u7684\u53ef\u4fe1\u5ea6\u3002\u201d <\/p>\n\n \u6b27\u6d32\u8bc1\u5238\u548c\u5e02\u573a\u7ba1\u7406\u5c40\uff08ESMA\uff09\u5df2\u5f81\u8be2\u4e86\u5305\u62ec\u96f6\u552e\u884d\u751f\u54c1\u8bba\u575b\uff08RDF\uff09\u5728\u5185\u7684\u4e3b\u8981\u884c\u4e1a\u673a\u6784\u7684\u610f\u89c1\uff0c\u5e76\u9080\u8bf7\u6240\u6709\u5229\u76ca\u76f8\u5173\u65b9\u57282025\u5e749\u670819\u65e5\u524d\u5c31\u5f81\u8be2\u610f\u89c1\u4e66\u63d0\u4ea4\u53cd\u9988\u3002 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