ESMA · ESMA_QA_1631 Answer Published
Tick size regime - In case of simultaneous dual listing
- Regulation
- Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
- Topic
- Tick size regime
- Submitted
- 2017-10-03
- Answered
- 2017-10-03
Question
In case of a simultaneous dual listing, shall an NCA be appointed for the purpose of determining the estimated average daily number of shares and establishing the applicable tick size?
Answer
[ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.9] Yes, the ESMA website will always display one NCA as the NCA of the most relevant market in terms of liquidity as per Article 26 of MiFIR.
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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