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ESMA_QA_2889
Topic
Separation of business and activities
10/07/2026
Subject Matter
Consulting activities to investors or undertakings
Question
What type of consulting activities are relevant for the purposes of the separation of business set out in Article 16(1)(a)?
Level 1 Regulation
ESGR - Regulation (EU) 2024/3005
ESMA_QA_2881
Topic
Data reporting services providers
06/07/2026
Subject Matter
Consolidated Tape Provider (CTP)
Question
Does the timestamp of the order referred to in Article 3(2) of Commission Delegated Regulation (EU) 2025/1155 refer to the timestamp of the order reception in the system’s gateway or the timestamp that the matcher applies when the order is registered in the order book?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
ESMA_QA_2872
Topic
EU-CCPs
22/06/2026
Subject Matter
AAR representativeness and intragroup transactions
Question
Can an entity, which is part of a group subject to consolidated supervision, rely on intragroup transactions to fulfil the requirements of the representativeness obligation set out under Article 7a(3), point d, of EMIR?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2883
Topic
Crypto-Asset Service Provider (CASP)
18/06/2026
Subject Matter
Crypto-Asset lending services under MiCA
Question
Can CASPs offer crypto-asset lending services under MiCA, and if so, under which conditions, in particular with respect to the use of clients’ crypto-assets?
Level 1 Regulation
MiCA
ESMA_QA_2882
Topic
Crypto-Asset Service Provider (CASP)
18/06/2026
Subject Matter
Perimeter of advice under MiCA compared to MiFID II
Question
How should the perimeter of advice on crypto-assets under MiCA be understood, and to what extent is it comparable to the notion of investment advice under MiFID II?

In particular, do introductory services – where a person recommends a crypto-asset service provider and/or a crypto-asset service to a client, without recommending specific transactions on crypto-assets – fall within the scope of advice on crypto-assets under MiCA?
Level 1 Regulation
MiCA