On February 27, 2026, the German regulator, the Federal Financial Supervisory Authority (BaFin), has partially revoked its general rulings on post‑trade transparency for trading venues and OTC trading.
The decision follows updated European regulatory requirements under the amended Delegated Regulation (EU) 2017/583. As a result, rules governing deferred publication obligations for bonds, structured financial products and emission allowances will now stem directly from the revised EU regulation.
For derivatives, previous requirements will remain in place in accordance with the European transitional provisions until Regulation (EU) 2017/583 has also been amended for derivatives. In this context, BaFin refers to ESMA’s public statement of March 27, 2024 (ESMA74‑2134169708‑7163).
The measure aims to align German supervisory practice with the evolving EU transparency framework. BaFin emphasized that the revocations concern non‑equity instruments. Firms operating trading venues will therefore need to adjust their reporting and publication processes accordingly, where necessary. Market participants should review the requirements deriving from Regulation (EU) 2017/583 to ensure compliance by the effective date. Overall, BaFin expects the changes to enhance regulatory consistency across EU markets. BaFin announced that the partial revocations will take effect on March 2, 2026.