ESMA updates its MiFID II Q&As

The updated Q&As include new answers regarding:

• algorithmic trading;
• the extension of a pre-existing MiFID I waiver to equity-like instruments;
• the SI regime;
• non-equity instruments and data reporting services providers; and
• commodity derivatives.

The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR. The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices. It should also help investors and other market participants by providing clarity on the requirements. ESMA will periodically review these Q&As and update them where required.