ESMA’s new Q&A clarify a number of key points on the MTF, OTF and SI regimes.
On 5 April 2017, ESMA published an updated version of its Q&A document on market structures under MiFID II. The final section has been augmented substantially to include new Q&As relating to multilateral and bilateral systems. In particular, these Q&As provide much-awaited key guidance on the parameters for operating an OTF and the SI regime.
Please see full publication below for more information.
