Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport do Komisji Europejskiej w sprawie stosowania przyjętych praktyk rynkowych

14 December 2021

ESMA70-156-4859

Report to the European Commission on the application of accepted market practices

1 Executive Summary

The annual report on the application of accepted market practices (AMPs) identifies that the number of liquidity contracts and the volumes traded under the AMPs decreases for the four National Competent Authorities (NCAs) that have them in place (CNMV, CMVM, CONSOB and AMF) since June 2020. A small decrease in the number of contracts and volumes can be detected for CNMV and AMF but both remain relevant in their respective markets while only a marginal number of liquidity contracts are detected for CONSOB (two liquidity contracts) and CMVM (one contract operative since January 2020) AMPs.

Background

This annual report (the Report) to the European Commission concerns the application of AMPs under Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) in the markets concerned.

The Report also provides a...