EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/9.III.1.2.1:9.III.1.2.1 Venues

EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/9.III.1.2.1

9.III.1.2.1 Venues

Documentgegevens:

mr. J.E.C. Gulyás, datum 01-02-2021

Datum: 01-02-2021
Auteur: mr. J.E.C. Gulyás
JCDI: JCDI:ADS267115:1
Vakgebied(en): Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht

The MiFID II equity post-trade transparency regime applies to investment firms trading outside an RM or MTF,1 regardless whether the transactions are concluded on own account or on behalf of clients.2 In effect, the obligations apply irrespective whether or not the investment firm qualifies as an SI.3

Toon alle voetnoten

Voetnoten

Voetnoten

An investment firm trades outside an RM or MTF where the trading falls outside the system of an RM or MTF. The meaning of the term ‘system’ can be found in recital 7 MiFIR.

Art. 20(1) MiFIR.

Art. 20(1) MiFIR. The MiFID II definition of a SI can be found in art. 4(1)(20) MiFID II Directive. The MiFID II definition of SIs is examined in chapter 5(section III).