ESMA Updates its Q&As

On the 23rd September 2022, the European Securities and Markets Authority (“ESMA”) has updated its Questions and Answers (“Q&As”) on the following:

  • The Q&As on the European Crowdfunding Service Providers for Business Regulations, with updates regarding investor protection provisions;
  • The Q&As on the Market Abuse Regulation (“MAR”);
  • The Q&As on the Markets in Financial Instruments Directive (“MiFID II”) and Markets in Financial Instruments Regulation (“MiFIR”) on market structure topics; and
  • The Q&As on MiFID II and MiFIR on commodity derivative topics.

By revising these Q&As, ESMA aims to provide further guidance in relation to the amendments introduced by the Recovery Package for commodity derivatives. The purpose of these Q&As is to promote common supervisory approaches and practices with regard to MiFID II and MiFIR in relation to the position limits, reporting, and ancillary activity provisions and other aspects relating to commodity derivatives under MiFID II.

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