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Q&A provide responses to questions posed by the general public and market participants in relation to the practical application of market structure issues. This update includes new answers regarding:
Tick size regime;
Direct Electronic Access (DEA); and
Multilateral systems;
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.