In particular, the requirements for investment firms operating internal matching systems and executing client orders on a multilateral basis to be authorised as trading venues, and the trading obligation for shares.
In the letter, ESMA asks the European Commission to consider whether there is a need for the Commission to take action to address this issue, such as clarifying certain MiFID II definitions. ESMA also states that it will closely monitor developments in this area and may, in the future, clarify the scope of SIs’ permitted activities and the characteristics of multilateral systems via its Questions and Answers documents.
Full letter
© ESMA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article