20/09/2017 | Clifford Chance
ESMA has updated its transitional transparency calculations (TTC) for non-equity instruments in accordance with RTS 2 on transparency requirements in respect of bonds, structured finance products, emission allowances and derivatives under MiFIR.
ESMA published the TTC for all non-equity instruments except for bonds on 3 July 2017. Since publication, some trading venues have notified ESMA of problems in their submitted data. As such, ESMA has corrected and recalculated the TTC for both asset classes accordingly.