ESMA has updated the MiFID 2 FAQs in respect of:
- investor protection and intermediaries. It has added 12 new questions, focusing on client categorisation, post-sale reporting, recording of calls and communications, best execution, and information on costs and charges.
- transparency and market structures. On transparency, there are several new questions, particularly on non-equity transparency, the double volume cap and systematic internalisers. The market structures questions update with ESMA’s views on DEA and algorithmic trading, the tick size regime, and multilateral and bilateral systems.