ESMA provides guidance on waivers from pre-trade transparency

Date: 06 August 2020

On 17 July 2020, the European Securities and Markets Authority (ESMA), published an opinion providing guidance on pre-trade transparency waivers for equity and non-equity instruments. The document replaces the guidance of the Committee of European Securities Regulators and ESMA’s opinions on waivers from pre-trade transparency under the Market in Financial Instruments Directive (MiFID) I.