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🔗 Back to Summary. 🇫🇷 French Version: 2017R0581_FR.20. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 19 – Further specifications for the calculation of notional amount ⬅️ | ➡️ Article 21 – Entry into force and application
Article 20 - Approval and verification method by ESMA
1.
For the purposes of verification in accordance with 2014, the trading venue shall submit to ESMA on request all facts and figures on which the calculation is based.
2.
When verifying the submitted annual notional amount figures, ESMA shall also consider relevant post-trade data and annual statistics.
3.
ESMA shall approve or reject the opt-out within three months of the reception of all relevant information for the notification in accordance with either Article 16 or 17, including the information specified in Article 19.