The European securities regulator relaxes compliance with Mifid 2 non-equity transparency calculations due to the Covid-19 pandemic.

The European Securities and Markets Authority (Esma) has postponed the application of the annual non-equity transparency calculations and the calculations for the systematic internaliser test for derivatives, exchange-traded commodities (ETCs), exchange-traded notes (ETNs), emission allowances and structured finance products (SFPs) under Mifid 2. ‘Esma is aware of the difficulties encountered by market participants to comply with an update of the transparency calculations for non-equity i

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