Circular CSSF 18/691 is a CSSF circular, published 19 April 2018. Subject: Update of Circular CSSF 17/668 concerning the ESMA Guidelines on calibration of circuit breakers and publication of trading halts under Directive 2014/65/EU on markets in financial instruments (“MiFID II”) and details on reporting of circuit breakers’ parameters.
\nRelevant for: Credit institutions, Investment firms.
\nMain topic: MiFID II. Keywords: Trading venue, Transaction reporting.
\nAmends Circular CSSF 17/668.
\nIn case of discrepancies between the French and the English text, the French text shall prevail.
\nLuxembourg, 19 April 2018
\nTo all the regulated markets, market operators, credit institutions, investment firms and market operators operating an MTF or an OTF
\nCIRCULAR CSSF 18/691 Re:
\nUpdate of Circular CSSF 17/668 concerning the ESMA Guidelines on calibration of circuit breakers and publication of trading halts under Directive 2014/65/EU on markets in financial instruments (“MiFID II”) and details on reporting of circuit breakers’ parameters
\nLadies and Gentlemen, 1. The present circular amends Circular CSSF 17/668 by taking into account the publication by ESMA of the revised procedure “Reporting of circuit breakers’ parameters by NCAs to ESMA (ref.: ESMA70-156-181)” published on 19 December 2017 and the revised form attached thereto “Template for reporting trading halt parameters to ESMA”. The revised procedure is attached as an Annex to this circular. 2. Circular CSSF 17/668 is amended as follows: a. After the words “… by 15 January of each year” in the 2nd sentence of the first paragraph of point 2 is inserted the bracket “(and the first report by 15 June 2018)”. b. In the 2nd paragraph of point 2, the reference to the procedure is replaced by that to the revised procedure, i.e. ESMA70-156-181 published on 19 December 2017. c. In the 2nd paragraph of point 2, the link pointing to the electronic version of the template \"Template for reporting trading halt parameters to ESMA\" is replaced by a link pointing to the electronic version of the new template. ___________________________________________________________________________ Circulaire CSSF 18/691
\nd. Annex B is superseded by the revised procedure, i.e. ESMA70-156-181. A coordinated version of Circular 17/668 will be published on the CSSF website
\nYours faithfully,
\nFrançoise KAUTHEN
\nClaude SIMON
\nClaude MARX
\nAnnex: Procedure: Reporting of circuit breakers’ parameters by NCAs to ESMA (Ref.: ESMA70-156181) ___________________________________________________________________________ Circulaire CSSF 18/691
\nReporting of circuit breakers’ parameters by NCAs to ESMA Procedure / Policy
\n19 December 2017 | ESMA70-156-181
\nTable of Contents Introduction ........................................................................................................................... 3 Purpose and scope ............................................................................................................... 3 Legal basis ............................................................................................................................ 3 Definitions ............................................................................................................................. 5 Reporting of circuit breakers’ parameters from NCAs to ESMA ............................................. 6 Template for reporting trading halt parameters to ESMA .......................................................
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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