Q&A · ESMA
Transparency - Single Volume Cap
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Before it starts operating, or before it first admits or trades an equity or equity-like instrument, a trading venue must check whether the instrument is suspended under the single volume cap; it may still proceed, but must not allow trading under the reference price or negotiated transaction waivers until the suspension ends.
Details
| Reference | ESMA_QA_1512 |
|---|---|
| Issuer | ESMA |
| Published | 10 Oct 2025 |
| Answered | 10 Oct 2025 |
| Submitted | 28 Jan 2022 |
| ESMA topics | Double volume cap |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 6.6 |
Provisions it relates to
- Article 4 MiFIR · Waivers for equity instrumentsESMA rulebook
- MiFIR (whole act)Explicit reference