Regulatory Alerts2020-06-03
ESMA Opinion on third-country trading venues for transparency under MiFID II/MiFIR
ESMA issues an opinion to clarify post-trade transparency obligations for EU investment firms executing transactions on third-country trading venues. The regulator mandates that firms must publish such transactions via Approved Publication Arrangements unless the venue meets specific criteria ensuring equivalent transparency standards. An annexed list identifies qualifying venues, exempting covered transactions from EU reporting requirements to prevent duplicate reporting and ensure supervisory convergence.
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