ESMA has updated its FAQs on MiFID 2 and MiFIR on market structures and transparency. New questions look at:
- how derivatives are classified for transparency purposes
- amending an existing question on the default liquidity status of bonds
- the scope of the MiFIR pre-trade transparency waiver
- market making activities and incentives in stressed trading consitions
- bulk quotes
- scope of requirements under MiFID 2 and RTS6
- arranging transactions that are formalised elsewhere
- registering an MTF as an SME growth market and
- Maker Taker schemes