ESMA updates guidance on waivers from pre-trade transparency

MiFID Firms

Date: 19 January 2021
On 23 December 2020, the European Securities and Markets Authority (ESMA), published an updated opinion providing guidance on pre-trade transparency waivers for equity and non-equity instruments. It covers guidance related to request for quote systems, guidance on how trading venues should apply for a waiver to their national competent authority, and updates on frequently encountered issues when assessing waiver notifications.