ESMA Third Country Equivalent Markets

The markets established in a third country and listed below have been considered as equivalent to a regulated market in…

Derivatives EMIR Equivalent ESMA

ESMA UCITS Management Companies (UCITS)

The Undertakings for the Collective Investment in Transferable Securities (UCITS) is a regulatory framework of the European Commission that creates…

Collective Commission Company ESMA

Systematic internalisers (SIs) are investment firms which, on an organised, frequent, systematic and substantial basis, deal on own account by…

ESMA Internalisers MiFID II MiFIR

Regulated Market (RM) – A multilateral system ran and/ or managed by a market operator subject to enhanced government requirements,…

ESMA Markets MiFID MiFID II

Approved publication arrangement (APA) is a person authorised under the provisions established in the MIFID II Directive to provide the…

APA Approved Arrangement ESMA

An OTF is a multilateral system that facilitates multiple third-party buying and selling interests in bonds, structured finance products, emission…

ESMA Facility MIO Organised

Multilateral Trading Facility (MTF) – An MTF is a multilateral system operated by an investment firms or a market operator,…

ESMA Facility MIE MIT

Approved Reporting Mechanism (ARM) means a person authorised under the provisions established in the MiFID II Directive to provide the…

Approved ARM ESMA Mechanism