ESMA clarifies application of certain MIFIR provisions, including volume cap

Summary:

The European Securities and Markets Authority (ESMA) has published a statement providing practical guidance on the transition and consistent application of the revised Markets in Financial Instruments Regulation (MiFIR). The statement covers topics such as equity transparency, systematic internalisers, designated publishing entities, and reporting. ESMA also confirms that data on volume caps will continue to be published, with the next publication scheduled for early April. Additionally, ESMA will develop draft technical standards and provide more detailed guidance, including a mapping of applicable provisions, in the coming weeks.