Q&A · ESMA
Organized Trading facilities OTFs - Liquidity of sovereign debt instruments
Answered
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To decide which sovereign bonds lack a liquid market, so that an OTF operator may deal in them on own account under Article 20(3) MiFID II, the liquidity methodology and criteria in RTS 2 should be used as the reference.
Details
| Reference | ESMA_QA_1645 |
|---|---|
| Issuer | ESMA |
| Published | 3 Apr 2017 |
| Answered | 3 Apr 2017 |
| Submitted | 3 Apr 2017 |
| ESMA topics | Multilateral and bilateral systems |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 5.13 |
Provisions it relates to
- Article 20 MiFID II · Specific requirements for OTFsExplicit reference · 90%
- MiFID II (whole act)Explicit reference