Updated 22/10/2024
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Article 20 - Approval and verification method by ESMA

Article 20

Approval and verification method by ESMA

1.   For the purposes of verification in accordance with Article 36(6)(d) of Regulation (EU) No 600/2014, the trading venue shall submit to ESMA on request all facts and figures on which the calculation is based.

2.   When verifying the submitted annual notional amount figures, ESMA shall also consider relevant post-trade data and annual statistics.

3.   ESMA shall approve or reject the opt-out within three months of the reception of all relevant information for the notification in accordance with either Article 16 or 17, including the information specified in Article 19.