FIX and Regulation EMEA
FIX and Regulation
Financial regulation has a direct impact on many FIX member firms and how they conduct their business. The FIX Trading Community is independent and neutral, focused on transparency, operational efficiency and mitigating risk. FIX responds to regulations with a focus on promoting the use of global standards to deliver clear and unambiguous data, improve the quality of implementation and reduce costs to the industry.
This page is a repository of documented regulatory consultation responses and other relevant materials provided by the FIX Trading Community in addressing regulatory requirements across the globe.
Current Consultations
Targeted consultation on integration of EU capital markets
ESMA MiFIR Review (CP4) – Derivatives transparency
Regional Repository
EMEA
FCA consultation CP25-32 on transaction reporting 319.11 KB 2 downloads February 23, 2026
FIX response to FCA consultation CP25-32 on improving the UK transaction reporting regime, February 2026 ...
FCA consultation CP25-31 on the equities consolidated tape 985.92 KB 5 downloads February 18, 2026
FIX response to FCA consultation CP25-31 on the equities consolidated tape, February 2026 ...
Regulatory Testing of Algorithms - Overview of Relevant Regulations 1.19 MB 321 downloads October 21, 2025
Regulatory Background References for EU/UK Testing of Algorithms for Contribution to Disorderly Trading Conditions and Stress Testing under MiFID II/MAR and Operational Resilience under PS 21/3 ...
FIX Trading Community response to ESMA's call for evidence on Transaction Reporting 0.00 KB 151 downloads September 22, 2025
FIX Trading Community responds to ESMA's Call for evidence on a comprehensive approach for the simplification of financial transaction reporting ...
FIX Trading Community responds to the FCA's CP25/20 1.03 MB 107 downloads September 11, 2025
FIX Trading Community response to the FCA's CP25/20: The SI regime for bonds and derivatives including Discussion Paper on equity markets. ...
FIX response to ESMA's MiFIR CP4 398.58 KB 58 downloads July 3, 2025
Response to the "MiFIR Review: Consultation Package 4 - transparency for derivatives, package orders and input/output data for the derivatives consolidated tape" ...
EC Consultation 2025 Press release 204.45 KB 68 downloads June 19, 2025
FIX Trading Community responds to European Commission targeted consultation on development and integration of EU capital markets ...
FIX responses to the EC consultation 191.32 KB 86 downloads June 17, 2025
FIX response to the European Commission's targeted consultation on integration of EU capital markets ...
Consultation Paper on the Amendments to the RTS on Settlement Discipline 83.46 KB 259 downloads April 16, 2025
FIX Trading Community to ESMA’s consultation on amendments to the RTS on settlement discipline, covering standards and automation in middle and back office processes to support T+1 implementation ...
FCA DP 24-2 - Improving the UK transaction reporting regime 206.44 KB 164 downloads February 13, 2025
FIX Trading Community response to FCA DP 24-2 ...
ESMA MiFIR Review (CP4) – Review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR 710.79 KB 380 downloads January 16, 2025
FIX Trading Community response to ESMA MiFIR Review CP4 ...
ESMA MiFIR Review (CP3) part 2 – Consultation On equity transparency (RTS 1 and CDR 2017/567), volume cap (RTS 3) circuit breakers (new RTS), SI (new ITS on SI notification), the equity CTP (new RTS on input / output data of the pre-trade and post-trade equity CTP) and the flags for non-equity transparency (RTS 2) 692.22 KB 429 downloads September 29, 2024
FIX Trading Community response to section 7 (equities consolidated tape working group and FIX FIRST subcommittee) ...
ESMA MiFIR Review (CP3) part 1 – Consultation On equity transparency (RTS 1 and CDR 2017/567), volume cap (RTS 3) circuit breakers (new RTS), SI (new ITS on SI notification), the equity CTP (new RTS on input / output data of the pre-trade and post-trade equity CTP) and the flags for non-equity transparency (RTS 2) 692.22 KB 488 downloads September 29, 2024
FIX Trading Community response to sections 4, 8 and 9 (equities and fixed income consolidated tape working groups) ...
ESMA MiFIR Review - Technical Standards related to Consolidated Tape Providers and DRSPs, and assessment criteria for the CTP selection procedure 716.65 KB 560 downloads August 27, 2024
FIX Trading Community response (equities and fixed income consolidated tape working groups, global technical committee) ...
ESMA MiFIR Review - RTS 2, RTS on reasonable commercial basis and RTS 23 708.30 KB 409 downloads August 27, 2024
FIX Trading Community Response (fixed income consolidated tape and reference data working groups) ...
European Commission Delegated Regulation on OTC Derivative Instrument Identification 794.72 KB 228 downloads July 11, 2024
EC OTC derivatives identifying reference data consultation FIX Trading Community Response ...
CP23/32 – FCA consultation on bond and derivative market transparency - FIX Trading Community response 4.58 MB 1180 downloads April 3, 2024
This contains three files – the FCA’s consultation paper, the full response from the FIX Trading Community (‘response summary’) and a shortened version containing just the questions actually responsed...
FTC Response to CP23-15 Framework for a Consolidated Tape Final Submission 97.33 KB 272 downloads October 13, 2023
CP23/15 – The framework for a UK consolidated tape - FIX Trading Community response. ...
DSS Letter Fix Trading Community Sept 2023 330.14 KB 224 downloads October 9, 2023
The FIX Trading Community is the industry-driven standards body whose standards underpin the global electronic trading community. We have been producing technical and business standards for nearly thirty...
Manual on Post-Trade Transparency - Response 78.30 KB 382 downloads April 4, 2023
FIX Trading Community response on Post-Trade Transparency Manual ...
ESMA Market Outages - Consultation Paper Response 105.50 KB 397 downloads December 22, 2022
FIX Trading Community response to ESMA's consultation regarding the management and communication of outages at trading venues, December 2022 ...
FIX Trading Community Response to CP22/12 259.02 KB 2715 downloads September 22, 2022
FCA CP22/12 on Improving Equity Secondary Markets - FIX Trading Community response ...
ESMA Opinion on Trading Venue Perimeter - Response 81.46 KB 2594 downloads April 28, 2022
FIX Trading Community response to ESMA's opinion regarding the Trading Venue Perimeter, January 2022 ...
ESMA DLT (distributed ledger technology) Pilot 88.01 KB 381 downloads March 31, 2022
FIX Trading Community response to ESMA's call for evidence for the "DLT Pilot Regime and review of MiFIR regulatory technical standards on transparency and reporting", January 2022 ...
RTS 1 and 2 Consultation Response 235.06 KB 529 downloads September 23, 2021
ESMA CONSULTATION RESPONSE – FINAL RESPONSE ...
ESMA - MiFID II_MiFIR CP on transaction reporting_refdata 285.54 KB 3077 downloads December 11, 2020
FIX Trading Community response to the ESMA consultation paper on MiFIR review report on the obligations to report transactions and reference data (November 2020) ...