The European Securities and Markets Authority (ESMA) has published an updated version of its document that sets out its assessment of applications for waivers from pre-trade transparency requirements under the Markets in Financial Instruments Directive. The updated document contains two new opinions from ESMA that relate to negotiated trade waivers. The new opinions are in red.

View Waivers from pre-trade transparency: CESR positions and ESMA opinions, 18 December 2013