ESMA published a table compiling the supplementary deferral regimes applicable in different member states for trading in non-equity instruments under the Market in Financial Instruments Regulation (MiFIR). This table provides an overview to market participants of the different regimes for supplementary deferral that national competent authorities have opted for, to facilitate compliance and convergent application.
The list is based exclusively on voluntary contributions from the relevant national competent authorities and ESMA will update this table if, and when, required. MiFIR provides a number of options to national competent authorities in the context of the deferred publication of trades in, among others, bonds and derivatives. It depends on the choice of the national competent authority if, for instance, the volume of large trades can be masked for an additional four weeks following the conclusion of the trade.
Related Link: Press Release
Keywords: Europe, EU, Securities, MiFIR, Deferral Regime, Non-Equity Instruments, MiFiD II, ESMA
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