European Securities and Markets Authority Q&A Database

EMIR Q&As on Reporting of Corrections of Transactions with no Event Date

European Market Infrastructure Regulation (EMIR) Regulation (EU) No 648/2012- MDP

UCITS eligible under DLTPR

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Financial instruments in scope of the market sounding regime

Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity

MiFID practices for firms selling financial instruments subject to the BRRD resolution regime

Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries

Scope of activities that a management company may carry out in a host Member State

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC · Art. Article 6 of Directive 2009/65/EC

Scope of activities that an AIFM may carry out in a host Member State

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Article 33 of Directive 2011/61/EU

Management of AIFs by UCITS management companies

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC · Art. Article 6 of Directive 2009/65/EC

Calculation of the leverage of AIFs investing in real estate

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Article 6 of Delegated Regulation (EU) 231/2013

De-notification of marketing arrangements for UCITS

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC · Art. Article 93a of Directive 2009/65/EC

Management of pension schemes by UCITS management companies

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC · Art. Article 6 of Directive 2009/65/EC

De-notification in the absence of investors in the host Member State

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Article 32a(1) of DIrective 2011/61/EU

Pre-marketing by third-parties

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Article 30a of Directive 2011/61/EU

Pre-marketing by registered AIFMs

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Article 30a(1) of Directive 2011/61/EU

Reporting of the SFTs concluded by IORPs and pension funds

Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP

Exemption from CSDR

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Issuance of DLT financial instruments

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Off-chain trading

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Admissibility of securities financing transactions under DLTPR

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Partially tokenised financial instruments

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

DLT Collective investment undertakings

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Exemption from CSDR

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Settlement in e-money tokens

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Exemption from CSDR

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Operation of DLT TSS

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

Use of Special Purpose Vehicles

Regulation 2020/1503 - European crowdfunding service providers for business

Use of Special Purpose Vehicles

Regulation 2020/1503 - European crowdfunding service providers for business

Whether the rules governing pre-marketing, which are set out in Directive (EU) 2019/1160 on cross-border distribution of funds, apply to non-EU AIFMs.

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Directive (EU) 2019/1160

Investor protection and marketing communication

Regulation 2020/1503 - European crowdfunding service providers for business

Scope SPACs

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. ESMA Public Statement (ESMA32-384-5209)

Depositaries - tri-party collateral manager

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU

Credit institution providing investment services or performing investment activities

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)

LEI of sovereign issuers

Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP

IOSCO Principles assessment of compliance (ESMA70-145-114_Q&A 7.5)

Benchmarks Regulation (BMR) - Regulation 2016/1011

Settlement location

Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP · Art. Table 2 of Annex IV of RTS 2

Reporting of the Jurisdiction of the issuer

Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP

The legal representative under Article 32(3) of BMR (ESMA70-145-114_Q&A 7.7)

Benchmarks Regulation (BMR) - Regulation 2016/1011

DLT shares valuation

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR) · Art. DLT shares valuation

Authorisation and supervision of CSPs

Regulation 2020/1503 - European crowdfunding service providers for business

Reporting of the Jurisdiction of the issuer

Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP

Partial settlement functionality

Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR

Notion of ‘substantive direct or indirect holding’ in Article 3(2) of the AIFMD

Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU

Investment in another qualifying venture capital fund/qualifying social entrepreneurship fund

European Venture Capital Regulation (EuVECA) Regulation (EU) No 345/2013 · Art. Regulation (EU) No 346/2013 (“EuSEF Regulation)

General provisions

Regulation 2020/1503 - European crowdfunding service providers for business

Transparency

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR) · Art. RTS 1 and RTS 2

Issuer concentration

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC

Financial Instruments Reference Data

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR) · Art. RTS 23

Purchase via joint account

Prospectus Regulation 2017/1129

Financial Instruments Reference Data

Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR) · Art. RTS 23

Issuer concentration

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC

Issuer concentration

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC