ESMA_QA_734

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/734

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Regulatory Context

Regulation : BMR

Level 1 Regulation: Benchmarks Regulation (BMR) - Regulation 2016/1011

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Benchmarks Regulation

Subject Matter: Financial instruments and systematic internalisers (ESMA70-145-114_Q&A 5.8)

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Question

Submission Date: 29 March 2023

When are financial instruments traded on a systematic internaliser in scope of the BMR?

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ESMA Answer

Answer Date: 26-09-2018

ESMA considers that “traded via a systematic internaliser” as referred to in Article 3(1)(16) BMR should be read to cover: a) all instruments described in reference data provided by a systematic internaliser in compliance with Article 27 of Regulation (EU) No 600/2014 (MiFIR) (even if traded outside that systematic internaliser); and b) all other instruments that are actually traded on a systematic internaliser, regardless of any requirement of the systematic internaliser to provide reference data.

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This document was automatically extracted from the ESMA EMIR Q&A database.