ESMA_QA_1551

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1551

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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: Equity transparency

Subject Matter: Transparency - pre-trade quote publication and ISIN

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Question

Submission Date: 03 April 2017

Does an ISIN need to be included for pre-trade quote publication?

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ESMA Answer

Answer Date: 03-04-2017

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 2.5] Pre-trade transparency information should allow identifying unequivocally the financial instrument to which the information published refers. ISINs are one of the available ways to ensure the unequivocal identification of a financial instrument. However, ESMA recognises that ISINs may not always be available when providing a quote. Trading venues and systematic internalisers are free to use other ways for identifying instruments for pre-trade transparency purposes as long as the financial instrument can be unequivocally identified.

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