Q&A · ESMA
Reference price waiver and multi-listed shares
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
A share traded on several venues or in several currencies is still one financial instrument; under the reference price waiver the price is derived from the venue of first admission or the most relevant market and may be converted into another currency using a reliable, at least daily exchange rate set out in the venue's rulebook.
Details
| Reference | ESMA_QA_1570 |
|---|---|
| Issuer | ESMA |
| Published | 18 Dec 2017 |
| Answered | 18 Dec 2017 |
| Submitted | 18 Dec 2017 |
| ESMA topics | Pre-trade transparency waivers |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 5.10 |
Provisions it relates to
- Article 4 MiFIR · Waivers for equity instrumentsInferred · 95%
- MiFIR (whole act)Explicit reference