Q&A · ESMA
DVC and corporate actions
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Where a corporate action replaces a traded ISIN with a new one, the new ISIN is treated as newly traded for the volume cap: ESMA publishes its waiver percentages from the start, but a suspension can only follow once 12 months of data exist for it, an approach ESMA may revisit.
Details
| Reference | ESMA_QA_1576 |
|---|---|
| Issuer | ESMA |
| Published | 10 Oct 2025 |
| Answered | 10 Oct 2025 |
| Submitted | 12 Jul 2018 |
| ESMA topics | Double volume cap |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 6.5 |
Provisions it relates to
- Article 5 MiFIR · Volume capESMA rulebook
- MiFIR (whole act)Explicit reference