The European Commission has adopted a Delegated Regulation with regard to RTS on the volume cap mechanism and the provision of information for the purposes of transparency and other calculations. Under MiFID II, competent authorities and ESMA are required to perform a significant number of calculations in order to calibrate the applicability of the pre-trade and post-trade transparency regime and the trading obligation for derivatives as well as to determine whether an investment firm is a systematic internaliser. The RTS specify, in general terms, the common elements with regard to the content and format of data to be submitted by relevant parties for the purposes of transparency and other calculations.