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ESMA Q&A 1558 — Q&A — Temporary suspension of transparency for bonds [Answer Published]

Financial servicesLevel 3Q&AMiFIRAnsweredOfficial source

Temporary suspension of transparency for bonds

Question

How is the concept of “class of bonds” to be understood in respect of the temporary suspension of transparency?

Answer

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 4.8]

Since the suspension of transparency under Article 9(4) and 11(2) of MiFIR applies at a class level, with respect to bonds, the classes of bonds defined in Table 2.2 Annex III of RTS 2 should be used.

Source: ESMA original document