On 28 March 2018, the European Securities and Markets Authority updated its MiFID II Q&As on transparency and market structures issues. The Q&As provide clarification on the following topics:

  • the scope of the trading obligation for derivatives;
  • the default tick size regime;
  • fee structures;
  • systematic internalisers and matched principal trading; and
  • direct electronic access prover’s controls and suitability checks.