ESMA updates its Q&As on MiFID II and MiFIR transparency - July 2020

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, updated today its Questions and Answers regarding transparency issues under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

Metadata
Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-updates-its-qas-mifid-ii-and-mifir-transparency-july-2020https://www.esma.europa.eu/press-news/esma-news/esma-updates-its-qas-mifid-ii-and-mifir-transparency-july-2020
Retrieved on: 
Wednesday, July 8, 2020
Information
Tags: 
Financial regulation, Financial markets, Economy, Systemic risk, Finance, European Union directives, European Union, Markets in Financial Instruments Directive, European Securities and Markets Authority, FIRDS, Lamfalussy process
Summary
Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, updated today its Questions and Answers regarding transparency issues under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
  • The new Q&A document provides technical clarifications for the performance of the mandatory systematic internaliser (SI) test.
  • The purpose of this Q&A is to promote a common supervisory approach and practices in the EU on the application of MiFID II and MiFIR, in particular in the performance of the mandatory SI test.
  • ESMA will continue to develop Q&As in the coming months and will review and update them where required.
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