Q&A · ESMA
Questions and Answers On MiFID II and MiFIR transparency topics
Legacy Q&A document
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
ESMA's consolidated legacy Q&A document on MiFID II and MiFIR transparency (final version 27 October 2023, printed with the reference ESMA70-1562901-35), covering equity and non-equity transparency, pre-trade waivers, the double volume cap, the systematic internaliser regime, data reporting services providers and third-country issues. It is no longer updated; later Q&As are in ESMA's Q&A tool.
Details
| Reference | ESMA70-1562901-35 |
|---|---|
| Issuer | ESMA |
Provisions it relates to
- Article 2 MiFIR · DefinitionsESMA rulebook
- Article 3 MiFIR · Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsESMA rulebook
- Article 4 MiFID II · DefinitionsESMA rulebook
- Article 4 MiFIR · Waivers for equity instrumentsESMA rulebook
- Article 5 MiFIR · Volume capESMA rulebook
- Article 6 MiFIR · Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsESMA rulebook
- Article 7 MiFIR · Authorisation of deferred publicationESMA rulebook
- Article 8 MiFIR · Pre-trade transparency requirements for trading venues in respect of bonds, structured finance products and emission allowancesESMA rulebook
- Article 9 MiFIR · Waivers for bonds, structured finance products, emission allowances, derivatives and package ordersESMA rulebook
- Article 10 MiFIR · Post-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivativesESMA rulebook
- Article 11 MiFIR · Deferred publication in respect of bonds, structured finance products or emission allowancesESMA rulebook
- Article 14 MiFIR · Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsESMA rulebook
- Article 15 MiFIR · Execution of client ordersESMA rulebook
- Article 16 MiFIR · Obligations of competent authoritiesESMA rulebook
- Article 17 MiFIR · Access to quotesESMA rulebook
- Article 20 MiFIR · Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsESMA rulebook
- Article 21 MiFIR · Post-trade disclosure by investment firms in respect of bonds, structured finance products, emission allowances and derivativesESMA rulebook
- Article 23 MiFIR · Trading obligation for investment firmsESMA rulebook
- Article 26 MiFIR · Obligation to report transactionsESMA rulebook
- Article 27d MiFIR · Procedures for granting and refusing applications for authorisation of ARMs and APAsESMA rulebook
- Article 28 MiFIR · Obligation to trade on regulated markets, MTFs or OTFsESMA rulebook