On May 29, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on MiFID II and MiFIR market structures topics (the Q&A).

The updated Q&A clarifies the authorization requirements of multilateral systems facilitating the execution of repurchase agreement transactions under MiFID II (Q&A 9b on multilateral and bilateral systems).

For an in depth discussion on this topic, please see the London Fireside Podcast available here.

The Q&A is available here.