Regulatory News
ESMA Streamlines MiFID II, MAR and SSR Q&As Under Simplification Push
The EU regulator has withdrawn or amended several Q&As on market structure under MiFID II, MAR and SSR, removing guidance it deems outdated, duplicative or no longer relevant as part of its Simplification and Burden Reduction initiative.
- ESMA updated its Q&As on market structure under MiFID II, MAR and the Short Selling Regulation on 22/10/2026.
- Several Q&As were withdrawn or amended, including cases where the same issues appear in other ESMA publications such as supervisory briefings and opinions.
- The exercise targeted Q&As made obsolete by legislative amendments reflected in established market practices, or covered elsewhere by ESMA guidance.
- ESMA said the goal is to reduce unnecessary complexity, remove obsolete guidance and keep Q&As relevant, proportionate and consistent with the current legislative framework.
- Stakeholders are encouraged to read the updated Q&As alongside other ESMA guidance for the most comprehensive interpretation of the applicable rules.
The European Securities and Markets Authority (ESMA) has updated its Questions and Answers on market structure under MiFID II, the Market Abuse Regulation (MAR) and the Short Selling Regulation (SSR), removing outdated, duplicative and no longer relevant guidance as part of its Simplification and Burden Reduction (SBR) initiative. ESMA announced the update on 22/10/2026.

What Was Cut and Why
ESMA said the exercise focused on identifying Q&As no longer relevant due to legislative amendments reflected in established market practices, or covered by other ESMA guidance. Several Q&As were withdrawn or amended, including instances where the same issues are addressed in other ESMA publications such as supervisory briefings and opinions.
Stated Goal
ESMA said the goal of the initiative is to reduce unnecessary complexity, remove obsolete guidance and ensure its Q&As remain relevant, proportionate and consistent with the current legislative framework.
Guidance for Stakeholders
Stakeholders are encouraged to refer to the updated set of Q&As together with any other ESMA guidance for the most comprehensive interpretation of the applicable rules.