ESMA_QA_1631

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1631

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Regulatory Context

Regulation : MIF2

Level 1 Regulation: Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Tick size regime

Subject Matter: Tick size regime - In case of simultaneous dual listing

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Question

Submission Date: 03 October 2017

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?

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ESMA Answer

Answer Date: 03-10-2017

[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.

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