Thursday February 19 2015
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
The European Securities and Markets Authority (ESMA) has published a complimentary consultation paper (CP) on the transparency section of the CP on MiFID II/MiFIR published on 19 December 2014.
This consultation paper covers the assessment of the liquidity and the specification of thresholds for large in scale and size specific to the instrument for foreign exchange derivatives; credit derivatives; other derivatives; and contracts for difference (CFDs).
Two sections of asset classes are provided: the first presents the analysis on the definition of a liquid market and the second includes the calculations on the pre-trade and post-trade transparency large in scale (LIS) and size specific to the instrument (SSTI) thresholds.
The last section of the CP completes draft RTS 9 (Transparency requirements in respect of bonds, structured finance products, emission allowances and derivatives)
This CP should be read in conjunction with ESMA’s CP on MiFID II/MiFIR and the related Annex B published on 19 December 2014.
Click on the above link for further details