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Email This is the fifth in our series of briefings on MiFID and MiFIR. In this alert, we describe new powers of product intervention granted to ESMA and local regulators under MiFIR and new obligations set out in MiFID for regulated markets to have in place measures to ensure systems’ resilience, including circuit breakers and controls over algorithmic trading. https://www.cadwalader.com/resources/clients-friends-memos/mifid-and-mifir-on-supervision-of-products-and-circuit-breakers