Q&A · ESMA
Quoting obligation for SI in non-TOTV instruments
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
The quoting obligations in Articles 14 to 17a MiFIR apply only to instruments traded on a trading venue, so systematic internalisers in other instruments are not subject to them but must still notify their competent authority, and must monitor whether an instrument becomes traded on a venue.
Details
| Reference | ESMA_QA_1588 |
|---|---|
| Issuer | ESMA |
| Published | 16 Oct 2024 |
| Answered | 3 Jun 2019, 16 Oct 2024 |
| Submitted | 3 Jun 2019 |
| ESMA topics | Systematic internaliser regime |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 7.11b |
Provisions it relates to
- Article 14 MiFIR · Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsExplicit reference · 90%
- Article 15 MiFIR · Execution of client ordersESMA rulebook
- Article 16 MiFIR · Obligations of competent authoritiesESMA rulebook
- Article 17a MiFIR · Tick sizesESMA rulebook
- MiFIR (whole act)Explicit reference