ESMA consults on package orders

ESMA consults on package orders

Category: Regulation

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ESMA has opened a public consultation on draft regulatory technical standards (RTS) regarding the treatment of package orders under the amended MiFID II/MIFIR. Asset class-specific criteria have been developed for a few classes, including credit derivatives.

MIFIR's pre-trade transparency regime requires that trading interest in all non-equity instruments is disclosed, with certain exceptions if there is not a liquid market for the package order as a whole.

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