Seán Kelly (PPE). – A Uachtaráin, in the wake of the economic setbacks brought on by the coronavirus pandemic and the need to stimulate more investment activity in the EU, I welcome the amendments to the Markets in Financial Instruments regulation.
An EU-wide consolidated tape for financial markets, instruments and targeted changes to market structure will strengthen transparency and competitiveness in the financial markets of the European Union. Investors will be better protected, as well as having easier access to-up-to date transaction information for the whole of the EU. The practice whereby brokers receive payments for forwarding client orders to certain trading platforms will eventually be completely phased out.
Lastly, I commend the inclusion of assessment by June 2026, of whether the consolidated tape framework indeed mitigates information asymmetries and whether the EU has become a more attractive marketplace. Hopefully it will.
President. – That concludes the explanations of vote.