ESMA · ESMA_QA_1558 Answer Published

Temporary suspension of transparency for bonds

Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Topic
Non-equity transparency
Submitted
2017-11-15
Answered
2017-11-15
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Question

How is the concept of “class of bonds” to be understood in respect of the temporary suspension of transparency?

Answer

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 4.8] Since the suspension of transparency under Article 9(4) and 11(2) of MiFIR applies at a class level, with respect to bonds, the classes of bonds defined in Table 2.2 Annex III of RTS 2 should be used.
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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.

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