ESMA Updates Q&A on Implementation of MiFID II
ESMA updated its question and answers (Q&A) regarding the implementation of the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The Q&A include answers to questions on commodity derivative issues such as position limits and position reporting; market data issues; and market structure issues such as multilateral trading systems, direct electronic access and algorithmic trading, and access to CCPs and trading venues.
The Q&A document is intended to promote common supervisory approaches and practices in the application of MiFID II. It provides responses to questions posed by the general public and market participants in relation to the practical application of MiFID II and MiFIR. ESMA will periodically review these Q&A to update them as required and to identify if, in a certain area, there is a need to convert some of the material into ESMA guidelines and recommendations.
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Keywords: Europe, ESMA, Securities, MiFID II, MiFIR, Q&A
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