ESMA updates its manual on transparency with new guidance for OTC derivatives and tick-size regime

The summary above is from the announcement ESMA published on October 26, 2026.

What the announcement says

The update also clarifies how the identifying reference data for OTC derivatives should be provided for transparency purposes, supporting greater consistency in the data reported to and published through the consolidated tape.

The manual finally includes several published Q&As on the tick size regime, as well as the addition of recommendations on the application of the tick-size regime, comprising when trading venues and national competent authorities may intervene in specific circumstances.

With regard to the guidance on OTC identifying reference data, the updated manual should be considered a draft until the entry into force of the related technical standards (RTS 2 and RTS on CTP input/output data).

Manual on post-trade transparency under MiFID II/ MiFIR

ESMA

Supervisory announcements can change which entity is allowed to serve clients in a region, what investor protection applies to them, and which firms are under scrutiny.

Read the full announcement on ESMA

Compiled automatically from the source listed below. Follow the link for the full announcement.