The European Securities and Markets Authority (ESMA) has issued today a public consultation regarding draft guidelines on trading halts under the Markets in Financial Instruments Directive (MiFID II). MiFID II provides that “Member States shall require a regulated market to be able to temporarily halt or constrain trading if there is a significant price movement in a financial instrument on that market or a related market during a short period and, in exceptional cases, to be able to cancel, vary or correct any transaction.
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