ESMA updates Q&A on MiFID II implementation

12 September 2017

ESMA published updated its Questions and Answers document regarding the implementation of the Markets in Financial Instruments Directive and Regulation.

The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to market structure topics. 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:

• Timing and procedure of notification for temporary opt-out under Article 36(5) MiFIR
• Exemptions under Article 36(5) and Article 54(2) of MiFIR
• Timing of application for transitional arrangements under Article 54(2) of MiFIR
• Limitation of access rights following exemption under Article 36(5) of MiFIR

Full Q&A

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