MAR: ESMA publishes opinion on accepted market practices on liquidity contracts

ESMA has published an opinion on the points for convergence in relation to Market Abuse Regulation (MAR) accepted market practices (AMP) on liquidity contracts.

ESMA has decided to adopt the opinion to convey common criteria that liquidity contract AMPs should have in order to ensure a more consistent and convergent approach to the establishment of AMPs on liquidity contracts across the EU and to ensure transparency on the agreed points of convergence. ESMA sets out in the opinion what national competent authorities (NCAs) should consider when establishing such AMPs.