Knowledge Base

Which article of the MiFIR Regulation grants ESMA temporary intervention power to restrict the marketing of certain financial instruments?

Article 38

Article 40

Article 42

Article 43

What is the maximum duration of an ESMA intervention measure under Article 40 of the MiFIR Regulation?

One month

Three months

Six months

One year

What is ESMA's primary role under Article 43 of the MiFIR Regulation regarding intervention powers?

Impose direct financial sanctions

Coordinate and facilitate national measures

Automatically override all national measures

Negotiate directly with financial providers

What condition must be met for ESMA to exercise its intervention power under Article 40 of the MiFIR Regulation?

A minor threat to financial markets

The inadequacy of existing regulations

Unanimous agreement of Member States

The explicit request of at least three national authorities

Categorize items by dragging them to the appropriate zones

Items to categorize:

Temporary intervention power under Article 40

Permanent intervention power under Article 42

Coordination role under Article 43

Categories:

ESMA powers

National authority powers

National authorities must notify ESMA of their proposed intervention measures at least two months before their entry into force.

True

False

ESMA intervention measures always take precedence over pre-existing national measures on the same subject.

True

False

Decision banning binary options in 2018

Click to see answer