On November 9, the European Securities and Markets Authority (ESMA) published a decision of its board of supervisors (held on November 5) on the delegation to the ESMA chair of the assessment of third-country trading venues (TCTVs) under Articles 20 and 21 of the Markets in Financial Instruments Regulation (MiFIR) (the Decision).
In the Decision, the board of supervisors delegates the responsibility for non-controversial negative assessments of TCTVs to the ESMA chair. The delegation should be implemented in accordance to the criteria described in the ESMA opinion on July 28 and the conditions set out in this Decision.
This Decision repeals and replaces a previous ESMA decision published on September 26, 2018.
The Decision is available here.