Commission Delegated Regulation (EU) 2026/1763 was published in the Official Journal of the EU on 23 October. It amends the MiFIR regulatory technical standards on transparency for derivatives trades, for package orders made up of several legs, and for the data that will feed the consolidated tape for over-the-counter derivatives. It also corrects Regulation 2017/587. The regulation enters into force on 12 November 2026, and its core articles apply from 1 March 2027.
What it means: The MiFIR review completed in 2024 aimed to make EU markets more transparent and create consolidated tapes for shares, bonds and derivatives. The new delegated regulation is one of the technical pieces needed to make this work in practice for over-the-counter derivatives. For Greek banks, investment firms and trading venue operators such as the Athens Exchange, it means adjusting trade reporting and publication systems by 1 March 2027. Compliance and IT teams need to compare the new data fields and the rules on package orders with what they report today, and coordinate with software vendors and approved publication arrangements. For non-financial companies that use derivatives for hedging, such as energy or shipping firms, the direct impact is small, since the obligations mainly fall on their bank counterparties. Over time, though, more price transparency in interest-rate and credit derivatives may help them check whether they are paying a fair cost to hedge their risks. The full text is available on EUR-Lex.
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