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Q&A · ESMA

Transparency - Single Volume Cap

Answered
Read the official text on the ESMA website(opens in a new tab)
AI-generated Summary

Before it starts operating, or before it first admits or trades an equity or equity-like instrument, a trading venue must check whether the instrument is suspended under the single volume cap; it may still proceed, but must not allow trading under the reference price or negotiated transaction waivers until the suspension ends.

Details

ReferenceESMA_QA_1512
IssuerESMA
Published10 Oct 2025
Answered10 Oct 2025
Submitted28 Jan 2022
ESMA topicsDouble volume cap
Earlier Q&A documentESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 6.6