Tuesday, 23 July 2019

Questions (241)

Richard Boyd Barrett


241. Deputy Richard Boyd Barrett asked the Minister for Finance the volume of commercial trade that took place in shares here in 2018. [33535/19]

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Written answers (Question to Finance)

The transaction reporting regime under EU Regulation No 600/2014 on Markets in Financial Instruments (‘MiFIR’) obliges investment firms and credit institutions to report to competent authorities, relevant details of certain financial transactions that they execute.

The designated competent authority in Ireland is the Central Bank of Ireland and the details of the transaction reporting regime is set out in MiFIR, Article 26 and Commission Delegated Regulation (EU) 2017/590.

My officials contacted the Central Bank of Ireland and I understand that the Central Bank of Ireland was in receipt of 36 million transaction reports relating to Irish equities listed or traded on all trading venues (Regulated Market and MTFs) for 2018.

Additionally, Euronext Dublin, formerly the Irish Stock Exchange, publishes statistics and data related to trading activity on its website - https://www.ise.ie/Website/Market-Data-Announcements/Statistical-Reports/Euronext-Dublin-Monthly-Report-December-2018.pdf.

For 2018, the Euronext Dublin data available indicates there were approximately 7.5 million share trades in 2018 with an estimated turnover of approximately €98.1 billion.