ESMA has released a final report outlining draft technical standards as part of the MiFIR Review. The report addresses the single volume cap, aiming to simplify transparency calculations and reduce reporting burdens. It introduces a new qualitative regime for Systematic Internalisers, standardizing notification content and procedures. Rules on circuit breakers and operational resilience for trading venues are streamlined to enhance legal clarity. These changes align with the DORA framework to further promote simplification. The primary goal is consistent application of MiFIR Review rules, prioritizing simplification and reduced burdens. This standardization aims to improve the efficiency and clarity of financial market operations within the EU. The final report has been submitted to the European Commission for endorsement within three months. These measures are intended to create a more efficient and resilient trading environment. The technical standards are designed to provide enhanced legal clarity for trading venues.