ESMA_QA_1593
18/11/2016
Subject Matter
Data disaggregation
Original question
Will disaggregation be required at the level of the market operator or at the level of each trading venue?
ESMA Answer
18-11-2016
Original language
[ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 2.1]
Disaggregation is required at the level of each trading venue for which the market operator or investment firm operating a trading venue has received a specific authorisation under MiFID II.
Status: Answer Published
Additional Information
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Level 2 Regulation
Regulation 2017/572 - RTS on data disaggregation (RTS 14)
Level 3 Regulation
ESMA70-872942901-38 - Q&A on MiFID II and MiFIR market structures topics
Topic
Data reporting services providers