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by ESMA, published in its Q&A tool · not legislation · updated 16 Oct 2024 [Published Answer Updated]","attribution":{"prepared_by":"ESMA","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_answer","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"last_updated":"2024-10-16","question_submitted_on":"2017-12-18","locators":{"last_updated":"ESMA Q&A Excel export ESMA_QA_1569, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_1569, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/1569","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/mifir/level-3/q-and-a/esma/esma-qa-1569-process-for-a-waiver-under-article-18-2-of-mifir.md","body_sha256":"a1e5d0a7fdcdfaf81c134cd043be8038a143b437bc3de1076102ed613257dd76"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 1569 — Q&A — Process for a waiver under Article 18(2) [Published Answer Updated]\"\nshortTitle: \"ESMA Q&A 1569 — Q&A — Process for a waiver under Article 18(2) [Published Answer Updated]\"\nanswer_id: ESMA_QA_1569\ntopic: \"Pre-trade transparency waivers\"\nstatus: \"Published Answer Updated\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"MiFIR\"\nmifir_level3: true\nmica_level2: false\nlegal_basis: \"MiFIR\"\ndate: 18 December 2017\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/1569\nlifecycle: \"Published Answer Updated\"\ntext_version: \"ESMA Q&A register, 18 December 2017\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/1569\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"ESMA\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA Answer\"\n    locator: \"ESMA Q&A entry ESMA_QA_1569: field 'ESMA Answer', no 'Answer provided by' line\"\ndocument_type: \"qa_answer\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  last_updated: \"2024-10-16\"\n  question_submitted_on: \"2017-12-18\"\n  locators:\n    last_updated: \"ESMA Q&A Excel export ESMA_QA_1569, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_1569, column 'Date of submission'\"\nlifecycle_label: \"Published Answer Updated\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · updated 16 Oct 2024 [Published Answer Updated]**\n\n*Published Answer Updated · ESMA Q&A register, 18 December 2017 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1569)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 1569 — Q&A — Process for a waiver under Article 18(2) \\[Published Answer Updated\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_1569 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Updated 16 October 2024; question submitted 18 December 2017 |\n| **Legal basis** | MiFIR |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Process for a waiver under Article 18(2) of MiFIR**\n\n### Question\n\nWhat is the process to be followed by systematic internalisers in order to waive the obligation in Article 18(2) of MiFIR?\n\n***\n\n### Answer\n\nThis question was deleted on 16/10/2024.\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1569)\n"}