ESMA_QA_1514

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1514

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Regulatory Context

Regulation : MIFIR

Level 1 Regulation: Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Third country issues

Subject Matter: Third country issues - Transparency

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Question

Submission Date: 05 September 2022

Are transactions executed between a branch and its head office subject to transparency requirements?

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ESMA Answer

Answer Date: 05-09-2022

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 9.3] Answer provided by the European Commission in accordance with article 16b(5) of the ESMA Regulation (please see the related disclaimer in section 1 of this document) No, transfers of financial instruments between two branches of the same legal entity or a branch and its parent company are not subject to the transparency or transaction reporting requirements, as they do not entail a change in the ownership of financial instruments.

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