February 1st 2019
The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding market structures and transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The new Q&As provide clarification on the following topics:
• APA reports to competent authorities and ESMA; and,
• Identification of high frequency trading techniques.
The purpose of these Q&As is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR. They provide responses to questions posed by the general public and market participants in relation to the practical application of level 1 and level 2 provisions relating to transparency and market structures issues.
ESMA will continue to develop these Q&As in the coming months and will review and update them where required
Further details can be found in the full press release here.