In a response to a questionnaire issued by the European Parliament’s Committee on Economic and Monetary Affairs, the FIA European Principal Traders Association submitted a letter on June 14 identifying several areas where the coherence of EU financial services legislation could be improved. The response focused on such areas as trade reporting obligations, the definition of market-making, and bans on short-selling. More generally, the response suggested that policy makers should take more care to align different pieces of legislation that are being negotiated at the same time, recognize the effectiveness of codes of conduct in addition to regulation, and accept a closer involvement of industry stakeholders when addressing technical issues.

Click here for FIA EPTA's comments

FIA European Principal Traders Association submitted a five-page letter to the European Securities and Markets Authority in response to its call for evidence on the European short-selling regulation. FIA EPTA noted that certain provisions in the regulation have reduced liquidity for small-cap stocks and created unnecessary downward pressure on individual stocks, and offered several recommendations for improvements.

Click here for FIA EPTA's comments

BRUSSELS (15 January 2013) – FIA European Principal Traders Association said it supports the overall direction and objectives of Germany’s proposed regulation on high-frequency trading. FIA EPTA looks forward to working with the German authorities to improve the proposals, for example with regard to the authorisation requirement, with an aim to create effective and efficient legislation. 

Click here for the full press release
EPTA HFT Position Paper: English Version
EPTA HFT Position Paper: German Version