The European Securities and Markets Authority has updated its Q&As on MiFID II and MiFIR market structures topics. The new Q&As relate to the following topics:

• timing and procedure of notification for temporary opt-out under Article 36(5) MiFIR;
• exemptions under Article 36(5) and Article 54(2) of MiFIR;
• timing of application for transitional arrangements under Article 54(2) of MiFIR; and
• limitation of access rights following exemption under Article 36(5) of MiFIR.

View ESMA updates Q&A on MiFID II implementation, 12 September 2017