MiFID2/R: ESMA updates Q&A on market structures topics

The European Securities and Markets Authority (ESMA) has updated its question and answers (Q&A) document on market structures topics under MiFID2 and MiFIR.

The updated Q&A document answers questions on:

• the timing and procedure of notifications for temporary opt-out under Article 36(5) MiFIR;
• exemptions under Article 36(5) and Article 54(2) of MiFIR;
• the timing of applications for transitional arrangements under Article 54(2) of MiFIR; and
• limitations of access rights following exemption under Article 36(5) of MiFIR.