Which of the following combinations correctly identifies the Irish Stock Exchange markets that are NOT MiFID-regulated?

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Prepare for the QFA Investments Exam 1. Study with flashcards and multiple-choice questions with detailed explanations. Enhance your understanding and succeed on your exam!

Multiple Choice

Which of the following combinations correctly identifies the Irish Stock Exchange markets that are NOT MiFID-regulated?

Explanation:
MiFID-regulated status distinguishes trading venues that fall under EU oversight from those that don’t. On the Irish Stock Exchange, the Main Securities Market is designated as a Regulated Market under MiFID, meaning it carries the full MiFID framework—higher disclosure, listing standards, and trading transparency. The Enterprise Securities Market and the Global Exchange Market are designed as lighter-touch venues to help smaller companies access capital. Because they operate under different, less stringent regulatory provisions than a Regulated Market, they are not MiFID-regulated. So the markets that are not MiFID-regulated are the Enterprise Securities Market and the Global Exchange Market. The Main Securities Market, by contrast, is MiFID-regulated, which is why combinations that include only it would be incorrect.

MiFID-regulated status distinguishes trading venues that fall under EU oversight from those that don’t. On the Irish Stock Exchange, the Main Securities Market is designated as a Regulated Market under MiFID, meaning it carries the full MiFID framework—higher disclosure, listing standards, and trading transparency.

The Enterprise Securities Market and the Global Exchange Market are designed as lighter-touch venues to help smaller companies access capital. Because they operate under different, less stringent regulatory provisions than a Regulated Market, they are not MiFID-regulated.

So the markets that are not MiFID-regulated are the Enterprise Securities Market and the Global Exchange Market. The Main Securities Market, by contrast, is MiFID-regulated, which is why combinations that include only it would be incorrect.

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