1. European
  2. ESMA - European Securities and Markets Authority
  3. Opinions
  4. 2020
Date-stamp loading
  1. Opinion on Determining third-country trading venues for the purpose of position limits under MiFID II (ESMA70-156-112) (updated 27 October 2020)
Published date: 27 October 2020
  Version 5 of 5    

Opinion on Determining third-country trading venues for the purpose of position limits under MiFID II (ESMA70-156-112) (updated 27 October 2020)

Accompanying documents

1 Legal basis

1. ESMA’s competence to deliver an opinion to competent authorities (CAs) is based on Article 29(1)(a) of Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority) [OJ L 331, 15.12.2010, p. 48] (ESMA Regulation).

2. Pursuant to Article 29(1)(a) of the ESMA Regulation, ESMA shall provide opinions to CAs for the purpose of building a common supervisory culture and consistent supervisory practices, as well as ensuring uniform procedures and consistent approaches throughout the Union.

2 Background

3. Article 57(4) of Directive 2014/65/EU (MiFID II) [Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349)] requires comp

…