Key facts
- EU legislators are considering exempting Aquis Exchange, BME, and Turquoise from ESMA oversight.
- Deutsche Börse's stock exchange is also being considered for exemption.
- The proposals are part of reforms aimed at further integrating and streamlining financial markets.
European Union legislators are contemplating proposals that could remove several major equity trading platforms from the supervisory purview of the European Securities and Markets Authority (ESMA). Sources indicate that Aquis Exchange, BME, and Turquoise are among the platforms that might be exempted, alongside Deutsche Börse's stock exchange. This potential shift in regulatory oversight is part of a broader package of reforms introduced by the European Commission in December of the previous year, which seeks to further integrate and streamline financial markets within the EU. The German authorities are reportedly pushing for these exemptions, particularly for Deutsche Börse.