European Securities and Markets Authority Q&A Database
Official Q&As published by the European Securities and Markets Authority on MiFID II, EMIR, UCITS, AIFMD, and other EU securities regulations.
1,400 final Q&As · page 9 of 28 · View all sources
Hedge exemption
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Answered 2022-09-23
Investor protection and marketing communication
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-09-23
Simplified approach for regulatory capital requirements
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Answered 2022-09-23
Calculation of denominator
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Answered 2022-09-23
General provisions
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-09-23
Financial guidance and disclosure of inside information
Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
Answered 2022-09-20
Market analysts’ expectations and the identification of inside information
Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
Answered 2022-09-20
Third country issues - Transparency
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Answered 2022-09-05
Bilateral cancellation facility
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Answered 2022-08-03
Depositaries
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
Answered 2022-07-20
Depositaries
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
Answered 2022-07-20
Delegation
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
Answered 2022-07-20
Direct Electronic Access (DEA) and algorithmic trading - Trading functionalities with automated management of orders
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Answered 2022-07-15
Direct Electronic Access (DEA) and algorithmic trading - Article 17 of MiFID II and RTS 6 - Third party systems with algorithmic trading functionalities
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Answered 2022-07-15
Reporting of Emission Allowances
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
Answered 2022-07-11
Reporting of Emission Allowances
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
Answered 2022-07-11
Reporting of Emission Allowances
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
Answered 2022-07-11
Reconciliation frequency for funds trading on a daily basis
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Answered 2022-07-01
Reconciliations with tri-party collateral managers
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Answered 2022-07-01
Responsibility to ensure compliance with the rules governing marketing communications
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Answered 2022-07-01
Readily available data
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-06-23
Scope of the new Article 11(1a) of MAR
Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
Answered 2022-06-23
Performance fees
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU · Art. Section XV: ESMA’s guidelines on performance fees in UCITS and certain types of AIFs
Answered 2022-05-20
Performance reference period for the benchmark model
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Answered 2022-05-20
Performance reference period for the hurdle rate model
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Answered 2022-05-20
General provisions
Regulation 2020/1503 - European crowdfunding service providers for business · Art. Article 10(3) ECSPR
Answered 2022-05-19
General provisions
Regulation 2020/1503 - European crowdfunding service providers for business · Art. Article 10(4) ECSPR
Answered 2022-05-19
General provisions
Regulation 2020/1503 - European crowdfunding service providers for business · Art. Directive (EU) 2015/2366
Answered 2022-05-19
General provisions
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-05-19
General provisions
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-05-19
Investor protection and marketing communication
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-05-19
Review and evaluation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Answered 2022-05-12
Application of the APM Guidelines in the context of COVID-19; Paragraphs 8, 17-19, 33, 34, 41 and 43 of the APM Guidelines.
Transparency Directive (TD) Directive 2004/109/EC
Answered 2022-04-01
ESG factors reflected in the benchmark statement and methodology (ESMA 70-145-114 QAs on BMR Q&A 10.3)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-04-01
Labels used by issuers on ESG financial measures; Paragraphs 3, 4, 8, 17, 22, 33 of the APM Guidelines.
Transparency Directive (TD) Directive 2004/109/EC
Answered 2022-04-01
Application of the APM Guidelines to measures related to ESG matters; Paragraphs 3, 4, 17, 21, 22, 26, 33, 35, 37 and 41 of the APM Guidelines.
Transparency Directive (TD) Directive 2004/109/EC
Answered 2022-04-01
ESG factors reflected in the benchmark statement and methodology (ESMA70-145-114 QAs on BMR Q&A 10.1)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-04-01
ESG factors reflected in the benchmark statement and methodology (ESMA 70-145-114 QAs on BMRs Q&A 10.2)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-04-01
ESG factors reflected in the benchmark statement and methodology (ESMA70-145-114 QAs on BMR Q&A 10.4)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-04-01
ESG factors reflected in the benchmark statement and methodology (ESMA 70-145-114 QAs on BMR Q&A 10.5)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-04-01
ESG factors reflected in the benchmark statement and methodology (ESMA 70-145-114 QAs on BMR Q&A 10.6)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-04-01
Reporting of Nominal value per unit and minimum traded value
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
Answered 2022-03-25
MiFIR data reporting - LEI of the issuer
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
Answered 2022-03-25
MiFIR data reporting - Instrument identification code and Underlying instrument code
Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP
Answered 2022-03-25
Currency for the Overview and Margin reports (Guidelines on calculation of positions in SFTs by trade repositories)
Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP
Answered 2022-03-22
Construction of Trade State Report
Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP
Answered 2022-03-07
Reporting of valuation and collateral on the last day of an SFT
Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP
Answered 2022-03-07
Investor protection and marketing communication
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-01-28
Temporary disruptions to the provision of a benchmark in the context of Article 28(2) of the BMR (ESMA70-145-114 QAs on BMR Q&A 8.6)
Benchmarks Regulation (BMR) - Regulation 2016/1011
Answered 2022-01-28
Investor protection and marketing communication
Regulation 2020/1503 - European crowdfunding service providers for business
Answered 2022-01-28
Source: European Securities and Markets Authority. Updated weekly. Q&As are non-binding guidance published under the ESA Single Rulebook Q&A process.
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