Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

15/04/2019 - MiFID 2, the ESMA analysis

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: breaches

According to ESMA the number of new breaches is 109: 80 equities for the 8% cap, applicable to all trading venues, and 29 equities for the 4% cap, that applies to individual trading venues. Trading under the waivers for all new instruments in breach of the DVC thresholds should be suspended from 20 February 2019 to 19 August 2019. The instruments for which caps already existed from previous periods will continue to be suspended. In addition, ESMA highlights that some trading venues in the meantime have submitted corrected data that affects past DVC publications. For 1 instrument, this means that the previously identified breach of the cap proved to be incorrect and the suspension of trading under the waivers should be lifted. As of 15 February, there is a total of 378 instruments suspended. Please be aware that ESMA does not update DVC files older than 6 months. Completeness indicators.