Regulatory Alerts2025-10-16
Final Report on the Methodology for the calculation of market capitalisation
ESMA issued this final report to define the regulatory technical standards for calculating market capitalisation under the FASTER Directive, following a consultation that received three stakeholder responses. The authority refined its methodology to derive end-of-year share prices from MiFIR transaction data using a 5-minute window, thereby avoiding new reporting burdens on trading venues. The document confirms the aggregation of market capitalisation at the legal entity and country levels based on active instruments and legal addresses to support annual transparency requirements.
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