Tuesday September 27 2022

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General

Country: European Union

Link: https://bit.ly/3SDam7S




On 26th September 2022, the European Securities and Markets Authority (ESMA) published the consultation paper seeks feedback from market participants on its proposed guidance, and in particular on the proposals that: 

  • Trading venues should have appropriate communication protocols in place ensuring communication to members, participants and the public during an outage; 
  • National Competent Authorities (NCAs) should require trading venues to have arrangements in place to avoid that an outage affects the closing auction; and 
  • NCAs should require trading venues, in the cases where an outage prevents the trading venue from running the closing auction, to ensure that the market is provided with an official closing price. 

The guidance, that ESMA intends to issue in the form of an opinion, will apply to equity markets and, where applicable, to non-equity instruments. 

Click on the above link for further information