On 8 July 2020, EU ESMA issued updated FAQs on MiFID/MiFIR transparency topics.

• Technical clarifications for performance of mandatory systematic internalizer (SI) test.
• Systematic internalizer regime, question 4: Level of asset class at which calculation should be performed for derivatives, bonds and structured finance products.
• Specifies how number of transactions and nominal amount traded of a derivative shall be allocated when contract changes over the period from one sub-class to another.