07 July 2020
- 07 July 2020
MiFID - Secondary Markets
The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has updated today the list of trading venues which have a temporary exemption from the open access provisions under the Markets in Financial Instruments Regulation (MiFIR).
- The updated list includes an extension of the exemption for five venues until 4 January 2023.
- For trading venues where the annual notional amount of ETDs traded on the venue falls below a threshold of EUR 1,000,000 million, the exemption must be approved by ESMA.
- In 2018, ESMA published for the first time the list of trading venues benefiting from the exemption, after having approved the access opt-out for five EU trading venues.