ESMA: Opinion on OTC derivatives traded on a trading venue
22 May 2017 (UPDATED: 13 Mar 2026)
International
1 min read
The opinion clarifies the concept of “traded on a trading venue” for OTC derivatives, and in particular which transactions in derivatives concluded outside of trading venues are subject to the transaction reporting and transparency requirements. ESMA specifies that only OTC-derivatives sharing the same reference data details as derivatives for which trading venues submitted reference data should be subject to the MiFIR transparency and transaction reporting requirements.