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
- Annex (ESMA70-155-10864) (updated 27 October 2020)
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