Maijoor: Mifid II liquidity easier to recognise than define Tom Young June 05, 2014 X LinkedIn Email Show more sharing options Copy Link URLCopied! Print X LinkedIn Email Esma's chairman has admitted that the regulator is still grappling with definitions of what instruments should be defined as illiquid or liquid Unlock this content. The content you are trying to view is exclusive to our subscribers. To unlock this content: Take a Free Trial or Login