20/03/2020 (Agence Europe) – In order to allow market participants to focus first and foremost on the continuity of their business during the COVID-19 pandemic, the European Securities and Markets Authority (ESMA) announced on Friday 20 March a postponement of the effective supervision of the new tick-size regime for systematic internalisers, which is due to apply next week. As it did the day before on reporting obligations related to securities financing (see EUROPE 12450/8), ESMA calls on national authorities, in a public statement, “not to prioritise their supervisory actions in relation to the new tick-size regime from 26 March, the application date, until 26 June 2020”, and to apply their risk-based supervisory powers in this area in a proportionate manner. See the statement: https://bit.ly/3ddzhea (MF)