ESMA Q&A Update – Regarding Third Country Issues Under MiFID II and MiFIR Transparency Requirements

ESMA Q&A

Topic

MiFID II and MiFIR Transparency

Date

5 September 2022

Regulations

MiFID II and MiFIR

Articles 20 and 21 of MiFIR

Level of Significance of Change

Minor

Main Points

This question and answer update confirms that transactions between branches of the same legal entity, or between a branch and its head office, are not subject to transaction or transparency reporting requirements.

How Does This Change My Reporting?

If you have both a head office and a branch with reporting obligations, this Q&A confirms that there is no need to report any transactions between the two.

What Do I Need To Do?

Inform TRAction if you have both a head office and a branch with reporting obligations and we will arrange to exclude these transactions.

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