The protocol ensures effective co-operation between Competent Authorities with respect to their obligations under Article 41 of MiFID on the suspension and removal of instruments from trading.
The protocol ensures effective co-operation between Competent Authorities with respect to their obligations under Article 41 of MiFID on the suspension and removal of instruments from trading.
The notification obligations under Article 41 is to afford investors across all Member States the same level of protection regardless of where they trade. In order to achieve this outcome, a shared understanding of the different circumstances under which trading may be suspended in different Member States according to their national law and the expected course of action under Article 41 is helpful. To ensure trading is suspended or an instrument is removed from trading in an effective and timely way, an effective communication process is necessary.
The attached table illustrates different categories of trading suspensions/removals and restorations which can be requested by Competent Authorities and operators of regulated markets.
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