ESMA updates MiFID 2 and MiFIR FAQs

ESMA has updated its FAQs on MiFID 2 and MiFIR on market structures and transparency.  New questions look at:

  • how derivatives are classified for transparency purposes
  • amending an existing question on the default liquidity status of bonds
  • the scope of the MiFIR pre-trade transparency waiver
  • market making activities and incentives in stressed trading consitions
  • bulk quotes
  • scope of requirements under MiFID 2 and RTS6
  • arranging transactions that are formalised elsewhere
  • registering an MTF as an SME growth market and
  • Maker Taker schemes