Q&A · ESMA
Organized Trading facilities OTFs
Answered
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An OTF operator may engage another investment firm to make markets on the OTF independently under Article 20(5) MiFID II only if that firm has no close links with the operator, and the operator must still identify and manage conflicts of interest.
Details
| Reference | ESMA_QA_1646 |
|---|---|
| Issuer | ESMA |
| Published | 3 Apr 2017 |
| Answered | 3 Apr 2017 |
| Submitted | 3 Apr 2017 |
| ESMA topics | Multilateral and bilateral systems |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 5.14 |
Provisions it relates to
- Article 20 MiFID II · Specific requirements for OTFsExplicit reference · 90%
- MiFID II (whole act)Explicit reference