ESMA · ESMA_QA_1514 Answer Published

Third country issues - Transparency

Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Topic
Third country issues
Submitted
2022-09-05
Answered
2022-09-05
Browse MiFID Register → More Q&As on this regulation →

Question

Are transactions executed between a branch and its head office subject to transparency requirements?

Answer

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 9.3] Answer provided by the European Commission in accordance with article 16b(5) of the ESMA Regulation (please see the related disclaimer in section 1 of this document) No, transfers of financial instruments between two branches of the same legal entity or a branch and its parent company are not subject to the transparency or transaction reporting requirements, as they do not entail a change in the ownership of financial instruments.
View original on European Securities and Markets Authority ↗

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Transaction reporting

Answered 2017-12-14

Third country branches

Answered 2012-09-13

Transparency - Trading venues

Answered 2017-04-03

Transaction reporting

Answered 2017-07-07

Multilateral and bilateral systems - Systematic internalisers

Answered 2019-04-01

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.