ESMA_QA_973

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/973

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Regulatory Context

Regulation : MIF2

Level 1 Regulation: Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries

Level 2 Regulation: Regulation 2017/576 - Best execution reporting for investment firms (RTS 28)

Level 3 Regulation: No information available

Topic: Best Execution

Subject Matter: Classification of NON EU instruments in RTS28 report

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Question

Submission Date: 29 May 2023

For RTS28 report, we classify the instruments using:

• the cficode of Firds to classify the instruments in Equities – Shares & Depositary Receipts, Debt instruments, Interest rates derivatives … • the volumes of Fitrs to classify the Equities – Shares & Depositary Receipts in subassets ( (i) Tick size liquidity bands 5 and 6 (from 2000 trades per day), (ii) Tick size liquidity bands 3 and 4 (from 80 to 1999 trades per day) (iii), Tick size liquidity band 1 and 2 (from 0 to 79 trades per day))

How should we classify non – EU instruments that are not present in Firds and Fitrs?

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ESMA Answer

Answer Date: 29-05-2023

No answer has been published yet for this question.

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