On 7 May 2021, the European Securities and Markets Authority (ESMA) updated its public register with the latest set of double volume cap (DVC) data under MiFID II.

The update includes DVC data and calculations for the period 1 April 2020 to 31 March 2021 as well as updates to already published DVC periods.

The DVC mechanism (Article 5 of MiFIR) aims to limit the trading under the reference price waiver (Article 4(1)(a) of MiFIR) and the negotiated transaction waiver for liquid instruments (Article 4(1)(b)(i) of MiFIR) in an equity instrument.