On September 7, the European Securities and Markets Authority (ESMA) updated its public register with the latest set of double volume cap (DVC) data under the revised Markets in Financial Instruments Directive (MiFID II). The DVC public register was last updated in July (for further details, see the July 13 edition of Corporate & Financial Weekly Digest).
ESMA has identified a total of 142 new breaches. Instruments in breach of the caps will be suspended from being traded under waivers between September 12, 2018 and March 1, 2019. Due to corrected data received by ESMA, four instruments previously identified as being in breach were incorrectly identified, and the relevant suspensions of trading under the waivers should be lifted.
As of September 7, a total of 674 instruments have been suspended.
ESMA’s announcement in relation to the updated DVC register is available here.