Einde inhoudsopgave
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.VII.4.2.2
5.VII.4.2.2 Publication of ESMA reports within five working days
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266880:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht
Voetnoten
Voetnoten
ESMA, Consultation Paper: MiFID II/MiFIR review report on the transparency regime for equity and equity-like instruments, the double volume cap mechanism and the trading obligations for shares 4 February 2020 (ESMA70-156-2188), p. 75-76.
ESMA, MiFID II/MiFIR Review Report: on the transparency regime for equity and equity-like instruments, the double volume cap mechanism and the trading obligations for shares, 16 July 2020(ESMA70-156-2682), p. 17.
ESMA is required under MiFID II to publish the double volume cap calculations results within five working days after the end of the observation period.1 Due to late submission of data and the time needed to perform all technical operations required to make the publication available, ESMA publishes the results with a month delay.2 To ensure there is sufficient time to prepare the publication, ESMA proposed in the ESMA consultation paper to publish the double volume cap calculation results after seven working days (instead of five) after the end of the observation period. No respondents to the consultation identified any issue with the ESMA proposal. In effect, ESMA maintains its initial proposal to lengthen the publication deadline from five to seven working days.3