ESMA - Public Statement: transition for the application of the MiFID II/MiFIR review
ESMA issued a public statement in relation to the application of certain provisions following the review of MiFIR and MiFID II.
The statement aims at providing practical guidance to markets participants on: the application of the provisions of the MiFID II amended by the MiFID II review in relation to commodity derivatives and derivatives on emission allowances and to the new regime applicable to Systematic Internalisers; the ‘single’ volume cap mechanism in MiFIR as amended by the MiFIR review; the application of the revised transparency rules for bonds, structured finance products, emission allowances, and equity instruments introduced by the MiFIR review.
