MiFID2/R: ESMA updates Q&A on market structures topics

20/09/2017 | Clifford Chance

The European Securities and Markets Authority (ESMA) has updated its question and answers (Q&A) document on market structures topics under MiFID2 and MiFIR.

The updated Q&A document answers questions on:

  • the timing and procedure of notifications for temporary opt-out under Article 36(5) MiFIR;
  • exemptions under Article 36(5) and Article 54(2) of MiFIR;
  • the timing of applications for transitional arrangements under Article 54(2) of MiFIR; and
  • limitations of access rights following exemption under Article 36(5) of MiFIR.