On 4 January 2019, the European Securities and Markets Authority (ESMA) published updated Q&As regarding transparency issues under MiFID II and MiFIR. The updated Q&As provide clarification on the following topics:

  • publication of request for market data transactions;
  • default transparency regime for equity instruments (amendment to existing Q&As); and
  • default LIS (large in scale) and SSTI (size specific to the instrument) thresholds for bonds.