Skip to the text
In this act Article 20 of 21

Article 20 — Approval and verification method by ESMA

Financial servicesLevel 2RTSMiFIRIn forceOfficial source

20(1)

1.For the purposes of verification in accordance with Article 36(6)(d) of Regulation (EU) No 600/2014, the trading venue shall submit to ESMA on request all facts and figures on which the calculation is based.

Copy link
20(2)

2.When verifying the submitted annual notional amount figures, ESMA shall also consider relevant post-trade data and annual statistics.

Copy link
20(3)

3.ESMA shall approve or reject the opt-out within three months of the reception of all relevant information for the notification in accordance with either Article 16 or 17, including the information specified in Article 19.

Copy link