The European Securities and Markets Authority, ESMA, has published an updated version of the list of trading venues for which a temporary exemption from the open access provisions under 36(5) of the Markets in Financial Instruments Regulation (MiFIR) exists.
While MiFIR allows firms to freely choose where to trade and clear their products, which both central counterparties (CCPs) and trading venues need to ensure, trading venues and CCPs may notify ESMA and their national competent authority of their intention to temporarily opt-out from the open access provisions for exchange-traded derivatives (ETDs) provided that certain conditions are met.
According to the latest version, ESMA has approved to extend the opt-out exemption of ALL trading venues that have previously been granted such exemption up to July 5, 2023 with the exception of Nasdaq Oslo ASA whose opt-out exemption was already previously extended up to December 4, 2024.