Q&A · ESMA
Application of the double volume mechanism to newly issued instruments
Answered
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ESMA publishes waiver-trading percentages for newly admitted shares from the start, but the double volume cap can suspend waivers only once 12 months of data exist, because Article 5(1) MiFIR measures the thresholds over the previous 12 months.
Details
| Reference | ESMA_QA_1574 |
|---|---|
| Issuer | ESMA |
| Published | 3 Oct 2016 |
| Answered | 3 Oct 2016 |
| Submitted | 3 Oct 2016 |
| ESMA topics | Double volume cap |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 6.3 |
Provisions it relates to
- Article 5 MiFIR · Volume capInferred · 95%
- MiFIR (whole act)Explicit reference