07 July 2017

ESMA updates Q&A on MiFID II implementation

The purpose of these Q&As is to promote common supervisory approaches and practices in the application of MiFID II. It provides responses to questions posed by the general public and market participants in relation to the practical application of MiFID II and MiFIR on:

Commodity derivatives issues:

Position limits and position reporting

Market data issues:

Reporting details and data fields

Reference date

Order Record Keeping

Market structure issues:

Multilateral trading systems

Direct Electronic Access and algorithmic trading

Access to CCPs and Trading Venues

The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices. ESMA will periodically review these Q&As on a regular basis to update them where required and to identify if, in a certain area, there is a need to convert some of the material into ESMA Guidelines and recommendations.

Full 07

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