+Article 25a 8.

Article 25a 8.

By 5 December 2027, ESMA shall submit a report to the Commission on the functioning of the mechanism set up pursuant to paragraph 1.

That report shall cover at least the following:

(a) 

a description of technical challenges faced by trading venues, competent authorities and ESMA during the implementation of the mechanism for shares;

(b) 

the costs incurred by competent authorities and ESMA in the set-up of the mechanism for shares;

(c) 

the functioning of the thresholds referred to in paragraph 7, second subparagraph.

The report shall include a cost-benefit analysis linked to the future development of the mechanism set up pursuant to paragraph 1 with regard to the inclusion in its scope of possible relevant financial instruments, including bonds and futures. The report shall also include recommendations on the extension of the scope to the financial instruments referred to in paragraph 4, taking into account the added value, technical challenges and expected costs.

1. Pārskats

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1.1 Atsauces

1.2 Identificētās prasības

1.3 Saistītie standarti

2. Identificētās prasības

Prasības

3. Saistītie standarti

Standarti