ESMA_QA_1748
27/01/2017
Subject Matter
Recommendations on a derivative referencing an index
Original question
How does Commission Delegated Regulation (EU) 2016/958 apply when the subject of the recommendation is a derivative referencing an index?
ESMA Answer
27-01-2017
Original language
[ESMA70-145-111 MAR Q&A, Q&A 8.11]
If a recommendation relates to a derivative referencing an index of financial instruments, the derivative itself should be treated as a financial instrument subject to the requirements of the Commission Delegated Regulation (EU) 2016/958, and not the individual instruments that comprise the index.
Status: Answer Published
Additional Information
Level 1 Regulation
Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
Topic
Investment recommendations and statistics and disclosure of information on the media