Subject Matter
Exemption on single reference price (ESMA70-145-114 Q&A_4.3)
Question
Article 2(2)(d) BMR exempts the application of the BMR for “the provision of a single reference price for any financial instrument listed in Section C of Annex I to Directive 2014/65/EU”. What does “single reference price” mean?
Level 1 Regulation
Benchmarks Regulation (BMR) - Regulation 2016/1011