From: RegTech Analyst
The EU’s securities markets regulator has updated today its questions and answers regarding transparency issues under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The European Securities and Markets Authority’s (ESMA) recent update sees it is set up to help bring clarity regarding technical clarifications for the performance of the mandatory systematic internaliser (SI) test.
The Q&A specifies how the number of transactions and the nominal amount traded of a derivative shall be allocated when a derivative contract changes over the observation period from one sub-class to another.
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