ESMA_QA_1558

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1558

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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: Non-equity transparency

Subject Matter: Temporary suspension of transparency for bonds

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Question

Submission Date: 15 November 2017

How is the concept of “class of bonds” to be understood in respect of the temporary suspension of transparency?

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ESMA Answer

Answer Date: 15-11-2017

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 4.8] Since the suspension of transparency under Article 9(4) and 11(2) of MiFIR applies at a class level, with respect to bonds, the classes of bonds defined in Table 2.2 Annex III of RTS 2 should be used.

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