ESMA publishes manual on post-trade transparency
11 July 2023 EU
Image: Svetlana/stock.adobe.com
ESMA has published a manual on post-trade transparency, which is designed to offer a user-friendly guide to post-trade transparency requirements and guidance regarding how to apply commitments under the Markets in Financial Instruments Regulation in a consistent way.
The manual has been published under Article 29(2) of the ESMA regulation, which provides for the development of resources designed “to promote common supervisory approaches and practices” whenever they are appropriate.
The manual explains which instruments and transactions are subject to post-trade transparency, who is responsible for reporting and publishing this information, and when post-trade transparency information needs to be made public under specified conditions.
This also provides a breakdown of the commonalities and differences between the post-trade transparency regulation and the transparency calculations that relate to the scope of instruments and transactions.
It is intended to offer guidance to market participants and national competent authorities, and also contains responses to questions from the public regarding the practical applications of MiFID II and MiFIR.
ESMA publishes this manual as part of a larger information package which also contains the results of public consultation on the additional level 3 guidance on RTS 1 and 2 and the updated version CFI code - MiFIR identifier mapping. This also provides an updated Q&A on MiFID II and MiFIR transparency topics.
The manual has been published under Article 29(2) of the ESMA regulation, which provides for the development of resources designed “to promote common supervisory approaches and practices” whenever they are appropriate.
The manual explains which instruments and transactions are subject to post-trade transparency, who is responsible for reporting and publishing this information, and when post-trade transparency information needs to be made public under specified conditions.
This also provides a breakdown of the commonalities and differences between the post-trade transparency regulation and the transparency calculations that relate to the scope of instruments and transactions.
It is intended to offer guidance to market participants and national competent authorities, and also contains responses to questions from the public regarding the practical applications of MiFID II and MiFIR.
ESMA publishes this manual as part of a larger information package which also contains the results of public consultation on the additional level 3 guidance on RTS 1 and 2 and the updated version CFI code - MiFIR identifier mapping. This also provides an updated Q&A on MiFID II and MiFIR transparency topics.
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