Opinion · ESMA
Opinion Determining third-country trading venues for the purpose of transparency under MiFID II/MiFIR
Published
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ESMA opinion (ESMA70-154-165) setting the criteria for treating a third-country venue as similar to an EU trading venue, so that EU investment firms' transactions on venues ESMA has assessed positively (listed in an annex) need not be made public again through an APA under Articles 20 and 21 MiFIR, while trades on other third-country venues in instruments traded on EU venues must be.
Details
| Reference | ESMA70-154-165 |
|---|---|
| Issuer | ESMA |
Provisions it relates to
- Article 20 MiFIR · Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsESMA rulebook
- Article 21 MiFIR · Post-trade disclosure by investment firms in respect of bonds, structured finance products, emission allowances and derivativesESMA rulebook