opean Securities and Markets Authority (—ESMAII), which updates the Markets in Financial Instruments Directive, commonly known as —MiFID IIH, and the Markets in Financial Instruments Regulation, commonly known as —MiFIR.II The scope of the final regulations and the degree to which member states will be allowed discretion in implementing t

European Securities and Markets Authority ("ESMA"), which updates the Markets in Financial Instruments Directive, commonly known as "MiFID II", and the Markets in Financial Instruments Regulation, commonly known as "MiFIR." The scope of the final regulations and the degree to which member states will be allowed discretion in implementing the