ESMA Guidance on tick-size regime and phone recording requirements under COVID-19 pressure
26 March 2020
The European Securities and Markets Authority (ESMA) has recently issued two public statements in response to the COVID-19 pandemic.
The first statement focuses on the application of the new tick-size regime for systematic internalisers under the Markets in Financial Instruments Regulation (MiFIR) and the Investment Firms Regulation (IFR), whilst the second brings further clarifications to issues regarding the application by firms of the MiFID II requirements on the recording of telephone conversations.
This article provides further insight on these statements.