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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 transparency requirements. This update includes new answers regarding:
Pre- and post-trade transparency, and for equity and non-equity instruments;
Systematic Internalisiers;
Data reporting service providers; and
Third country issues.
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.