Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Poradnik na temat przejrzystości posttransakcyjnej

10 July 2023

ESMA74-2134169708-6870

Manual

On post-trade transparency under MiFID II/ MiFIR

1 Executive Summary

Reasons for publication

ESMA publishes this Manual as a convergence tool to promote common approaches and practices in the areas of post-trade transparency and the transparency calculations. Further details are provided in Section 3.

Contents

Section 3 provides the legal background and the purpose of this document. Section 4 deals with the different aspects of post-trade transparency for equity and non-equity instruments. Section 5 tackles the transparency calculations for equity and non-equity instruments.

Next Steps

This Manual is expected to be updated shortly in the context of the MiFID II/ MiFIR review and the subsequent RTS 1 and 2 review and any further legislative or legal change impacting its content. Furthermore, this Manual will also be regularly updated addressing new questions from market participants similarly to the Q&A documents. Further details are provided in Section...