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ESMA_QA_2807
Topic
Scope (including exemptions)
18/03/2026
Subject Matter
Exemption for SPO providers
Question
Can a second-party opinion provider producing and using an ESG rating for its second-party opinion, without publishing or distributing it on a standalone basis, benefit from the exemption set out in Article 2(2)(i) of Regulation (EU) 2024/3005?  
Level 1 Regulation
ESGR - Regulation (EU) 2024/3005
ESMA_QA_2806
Topic
Scope (including exemptions)
18/03/2026
Subject Matter
Exemption for ESG ratings issued by regulated financial undertakings for internal purposes or in-house/intragroup services
Question
What types of activities are considered “internal purposes” or “in-house” or “intragroup financial services or products” for the purposes of Article 2(2)(b)?
Level 1 Regulation
ESGR - Regulation (EU) 2024/3005
ESMA_QA_2794
Topic
* SFTR Art. 4
03/03/2026
Subject Matter
Updating the Loan Value and Security Price Fields following lifecycle events
Question
For securities lending and borrowing transactions, should Field 2.49 – ‘Security or Commodity Price’ and Field 2.56 – ‘Loan Value’ be updated and reported whenever mark-to-market adjustments are agreed between counterparties?
Level 1 Regulation
Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP
ESMA_QA_2785
Topic
Safeguarding of client assets
23/02/2026
Subject Matter
Interests earned from client funds deposited at a credit institution?
Question
Does MiFID II permit investment firms to earn interest on client funds deposited in a savings account at a credit institution?
Level 1 Regulation
Directive 2014/65/EU - Markets in Financial Instruments Directive (MiFID II)
ESMA_QA_2784
Topic
Remuneration
23/02/2026
Subject Matter
MiFID II remuneration rules applicable to tied agents
Question
1. Does a tied agent have to be remunerated with both a variable component of remuneration (based on the actual activities performed by the tied agent, i.e., dependent on performance) and a fixed component of remuneration, as stipulated in Article 27 of Regulation (EU) 2017/565?

2. Would the answer to the first question change if the tied agent is engaged by a person falling under Article 3 of the MiFID II Directive, i.e., assuming that a Member State adopts this optional exemption under Article 3 of the MiFID II Directive and incorporates it into its national legislation?
Level 1 Regulation
Directive 2014/65/EU - Markets in Financial Instruments Directive (MiFID II)