FMLC has written to ESMA on the consultation on exempting market making activities and primary market operations from the Short Selling Regulation. It points at uncertainty around whether a link is needed between the trading venue of which the entity is a member and the instruments for which the entity makes markets. It finds it is also unclear how the exemption would apply to third-country market makers. (Source: Letter to ESMA on Consultation Paper of 17 September)