Maidir le táirgí airgeadais struchtúraithe agus lamháltais astaíochtaí, ba cheart do ÚEUM dréachtchaighdeáin theicniúla rialála a fhorbairt chun na hionstraimí nó na haicmí ag a bhfuil margadh leachtach nó neamhleachtach a chinneadh.
With regard to structured finance products and emission allowances, ESMA should develop draft regulatory technical standards to determine the instruments or the classes that have a liquid or illiquid market.
cad is margadh leachtach agus neamhleachtach ann le haghaidh bannaí, nó aicmí díobh, arna sloinneadh mar thairseacha arna gcinneadh de réir mhéid eisiúna na mbannaí sin;
what constitutes a liquid and illiquid market for bonds, or classes thereof, expressed as thresholds determined according to the issuance size of those bonds;
Ba cheart a shonrú sna dréachtchaighdeáin theicniúla rialála arna bhforbairt ag ÚEUM cé na méideanna eisiúna a chomhfhreagraíonn do mhargadh leachtach nó neamhleachtach i mbannaí, nó aicmí díobh, go dtí a n-aibíocht, cén mhéid idirbhirt i mbanna leachtach nó i mbanna neamhleachtach ónar féidir iarchur a chur i bhfeidhm, agus cén fad iarchurtha den sórt sin i gcomhréir leis an Rialachán seo.
The draft regulatory technical standards developed by ESMA should specify which issuance sizes correspond to a liquid or illiquid market in bonds, or classes thereof, until their maturity, from which transaction size in either a liquid or illiquid bond a deferral can be applied, and the duration of such a deferral in accordance with this Regulation.