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The new Q&As provide clarification on the following topics:
Determination of the turnover to be used for the average value of transactions (AVT) calculation;
Money Market Instruments (MMIs);
Impact for systematic internalisers of an instrument changing liquidity status in between the systematic internaliser determination dates;
Reporting of prime brokerage transactions;
Quoting obligation for systematic internalisers in non-equity financial instruments;
Branches of third country firms operating as SI in the EU; and
Third-country trading venues’ access to an EU CCP.