Europex Calls For Reintroducing The Alternative Instrument Identifier (AII) As An Alternative To ISIN And Recommends Aligning The Timing Of The Financial Instruments Reference Data Obligation Under MiFIR And MAR

As it is a more effective and less costly option, Europex calls for reintroducing the possibility to use AIIs for identifying exchange traded derivatives, in the final technical standards of MiFIR and MAR. An alternative option would be to apply the obligation at product instead of instrument level. Secondly, as the technical standards have not been adopted yet and trading venues need time to implement the new rules, Europex recommends postponing the start of the application of the obligation under MAR until MiFIR applies.