ESMA_QA_1514
05/09/2022
Subject Matter
Third country issues - Transparency
Original question
Are transactions executed between a branch and its head office subject to transparency requirements?
ESMA Answer
05-09-2022
Original language
[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 9.3]
Answer provided by the European Commission in accordance with article 16b(5) of the ESMA Regulation (please see the related disclaimer in section 1 of this document)
No, transfers of financial instruments between two branches of the same legal entity or a branch and its parent company are not subject to the transparency or transaction reporting requirements, as they do not entail a change in the ownership of financial instruments.
Status: Answer Published
Additional Information
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Topic
Third country issues