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Questions related to package orders/transactions

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AI-generated Summary

Asks a set of questions on package orders under MiFIR transparency, including the 'meaningful economic risk' test, equity components, systematic internaliser obligations, APA publication, non-traded components and primary market switches. The question has been published but not yet answered.

Details

Reference	ESMA_QA_2306
Issuer	ESMA
Published	16 Oct 2024
Submitted	16 Oct 2024
ESMA topics	Non-equity transparency

Provisions it relates to

Article 2 MiFIR · Definitions
MiFIR
Explicit reference · 90%
Article 18 MiFIR · Obligation for systematic internalisers to make public firm quotes in respect of bonds, structured finance products, emission allowances and derivatives
MiFIR
Deleted by Regulation (EU) 2024/791; last in consolidated text 02014R0600-20240109.
Explicit reference · 90%
MiFIR (whole act)
Explicit reference

Documents it refers to

RTSIn forceExplicit reference
Commission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS 2 on transparency for bonds, structured finance products, emission allowances and derivatives: sets pre-trade transparency by trading system type, large-in-scale and size-specific-to-the-instrument thresholds, order management facility sizes, the liquidity assessment of each instrument class, and post-trade publication content and deferral regimes. Amended several times, notably by Delegated Regulations 2021/529, 2022/629, 2023/945 and 2025/1246.