Securitisation and Regulation News

ESMA Publishes Double Volume Cap Data

The European Securities and Markets Authority (ESMA) has published trading volumes and calculations regarding the double volume cap (DVC) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The purpose of the DVC mechanism is to limit the amount of trading under certain equity waivers to ensure the use of such waivers does not harm price formation for equity instruments.

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