ESMA provides further guidance for transactions on 3rd country trading venues for post-trade transparency and position limits under MiFID II/MiFIR

On 15 December 2017, the European Securities and Markets Authority (ESMA) published two revised opinions providing guidance related to third-country trading venues for post trade transparency and position limits under MiFIDII/MiFIR. 

The opinions address the treatment of transactions executed by EU investment firms on third-country trading venues, for post-trade transparency under MiFIR, and the treatment of positions held in contracts traded on those venues for the position limit regime under MiFID II.

ESMA will carry out the determination of third-country trading venues and publish the results in the course of 2018.