Questions and Answers on MiFID II and MiFIR market structures topics, 31 January 2017, ESMA70-872942901-38 - explanation regarding references to 'market makers' in MiFID II Article 2(1)(d)(i)
Questions and Answers on MiFID II and MiFIR market structures topics, 31 January 2017, ESMA70-872942901-38
Question 4 [Last update: 31/01/2017]
Do the references to 'market makers' in MiFID II Article 2(1)(d)(i) and Article 2(1)(j) cover those market makers as defined under MiFID II Article 4(1)(7) or those firms engaged in a market making agreement according to Article 17(4) of MiFID II?
Answer 4
The reference to market makers' in MiFID II Article 2(1)(d)(i) and Article 2(1)(j) covers both firms engaged in a market making agreement according to Article 17(4) of MiFID II and other market makers covered by Article 4(1)(7) of MiFID II.