ESMA issues list of trading venues temporarily exempted from open access under MiFIR
The European Securities and Markets Authority (ESMA) yesterday published a list of those trading venues for which a temporary exemption from the open access provisions under 36(5) of the Markets in Financial Instruments Regulation (MiFIR) exists.
While MiFIR allows firms to freely choose where to trade and clear their products, which both CCPs and trading venues need to facilitate, trading venues and CCPs may notify ESMA and their national competent authority of their intention to temporarily opt-out from the access provisions for exchange-traded derivatives (ETDs) provided that certain conditions are met. Concerning trading venues for which the annual notional amount of ETDs traded on the venue falls below a certain threshold, the exemption must be approved by ESMA. The list published today provides the list of trading venues which have notified such intention to ESMA.
A similar provision exists for newly established CCPs that intend to temporarily opt-out from the access provisions in respect of transferable securities and money market instruments. However, at the time of publication ESMA has not received any notifications for such temporary exemption.
The list will be updated in case of any changes, including where an exemption is renewed.
Latest News from
ESMA consults on potential CFD and binary options measures to protect retail investors18/01/2018 16:25:00
The European Securities and Markets Authority (ESMA) has published a call for evidence on potential product intervention measures relating to the provision of contracts for differences (CFDs), including rolling spot forex, and binary options to retail investors.
New measures to boost key competences & digital skills, as well as the European dimension of education18/01/2018 15:43:00
To follow up on the Gothenburg Summit, the European Commission yesterday adopted new initiatives to improve key competences and digital skills of European citizens, to promote common values and pupils' awareness of the functioning of the European Union.
Education and training initiatives18/01/2018 15:10:00
To follow up on the Gothenburg Summit, the EC has adopted new initiatives to improve key competences & digital skills of European citizens, to promote common values and pupils' awareness of the functioning of the European Union.
Effort sharing regulation: EU ambassadors approve provisional agreement18/01/2018 14:25:00
EU ambassadors gave given their support to the provisional agreement reached between the Estonian presidency and the European Parliament in December 2017 on the effort sharing regulation.
IP Key China official launch18/01/2018 13:47:00
On 17 January the Office officially launched the new IP Key China in Beijing, during an event attended by Christian Archambeau,On 17 January the Office officially launched the new IP Key China in Beijing, during an event attended by Christian Archambeau.