Market Notices
Mariana OTF will fulfil regulatory obligations for transparency through the publication of all relevant orders and trades, subject to the exercise of pre- and post-trade waivers and deferrals granted by the FCA and subject to approval by ESMA according to Regulation (EU) 600/214 (“MiFIR”).
These are set out below:
Pre-trade
- Large in Scale – Article 9(1)(a) of MiFIR in respect of orders that are large in scale compared with normal market size
- Size Specific to Financial Instrument (SSTI) – Article 9(1)(b) of MiFIR, for orders above the SSTI
- Illiquid markets – Article 9(1)(c) of MiFIR for financial instruments for which there is not a liquid market
Post-trade
- Large in Scale – Article 11(1)(a), MiFIR in respect of orders that are large in scale compared with normal market size
- Illiquid Markets – Article 11(1)(b), MiFIR financial instruments for which there is not a liquid market
- Size Specific to Financial Instrument (SSTI) – Article 11(1)(c) of MiFIR, for orders above the SSTI
- Articles 11 MiFIR and 8(1)(d), RTS 2 for packaged transactions
Venue Order and Transaction Reporting
MIC
RTS 27 Reports:
2020
