ESMA_QA_1690
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
03/04/2017
Subject Matter
Business Case: Inflation Indexed bond
Question
How should transactions on “inflation indexed bonds” be reported under RTS 22?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
ESMA_QA_1689
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
03/04/2017
Subject Matter
Field 23 – Seniority of the Bond
Question
Do the same standards apply to the character denoting seniority of a bond in field 3 and the attributes listed in field 23 (seniority of the bond) of RTS 23 of MiFIR?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
ESMA_QA_1607
Topic
Direct Electronic Access and algorithmic trading
03/04/2017
Subject Matter
Direct Electronic Access (DEA) and algorithmic trading
Question
Article 20 of Commission Delegated Regulation (EU) 2017/565 further clarifies the definition of direct electronic access as per Article 4(1)(41) of MiFID II by stating that persons shall be considered not capable of electronically transmitting orders relating to a financial instrument directly to a trading venue in accordance with Article 4(1)(41) of MiFID II where that person cannot exercise discretion regarding the exact fraction of a second of order entry and the lifetime of the order within that timeframe. What does “exercise discretion regarding the exact fraction of a second” mean?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1659
Topic
Multilateral and bilateral systems
03/04/2017
Subject Matter
Systematic internaliser
Question
Recital (19) of the Commission Delegated Regulation (EU) 2017/565 foresees that a SI can undertake matched principal trading provided it does so on an occasional, and not a regular, basis. How is “occasional basis” expected to be assessed?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1606
Topic
Direct Electronic Access and algorithmic trading
03/04/2017
Subject Matter
Replay functionality of surveillance systems
Question
Are firms required to store market data in order to fulfil the requirements contained in Article 13(7) of RTS 6 regarding the replay functionality of surveillance systems?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets