EU Equity pre- and post-trade transparency regulation: from ISD to MiFID II
Einde inhoudsopgave
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.VII.2.2:5.VII.2.2 Assessment of the minimum quoting obligations
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.VII.2.2
5.VII.2.2 Assessment of the minimum quoting obligations
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS267096:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht
Toon alle voetnoten
Voetnoten
Voetnoten
ESMA, Press Release: Final report on the transparency regime for equity instruments, 16 July 2020 (available at: https://www.esma.europa.eu/sections/press-releases).
Deze functie is alleen te gebruiken als je bent ingelogd.
A main element of the ESMA MiFID II Review is to increase the minimum quoting obligations for SIs. Under MiFID II the determination of a liquid market defines the instruments for which SIs are subject to equity pre-trade transparency obligations (up to the standard market size).1 The main strategies of ESMA to increase the minimum quoting obligations for SIs is through (a) changing the definition of a ‘liquid market’ and (b) a revised methodology for determining the standard market size.2
5.VII.2.2.1 Liquid market5.VII.2.2.2 Methodology for the standard market size