Q&A · ESMA
Third country issues - Transparency
Answered
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In a Commission answer, transfers of financial instruments between branches of the same legal entity, or between a branch and its head office, are not subject to transparency or transaction reporting because ownership does not change.
Details
| Reference | ESMA_QA_1514 |
|---|---|
| Issuer | ESMA |
| Published | 5 Sept 2022 |
| Answered | 5 Sept 2022 |
| Submitted | 5 Sept 2022 |
| ESMA topics | Third country issues |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 9.3 |
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 instrumentsInferred · 70%
- Article 26 MiFIR · Obligation to report transactionsInferred · 70%
- MiFIR (whole act)Explicit reference