EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/11.II.1:11.II.1 ISD provisions

EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/11.II.1

11.II.1 ISD provisions

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

The ISD stated that the competent authorities of the Member States needed to:

‘determine the form in which and the precise time within which the (ISD pre- and post-trade) information is to be provided, as well as the means by which it is to be made available, having regard to the nature, size and needs to the market concerned and of the investors operating on that market’ (brackets writer).1

The ISD therewith gave substantial flexibility to national law2 as to who could publish ISD pre- and post-trade data, as well as how such information would be disseminated (‘the means by which it is to be made available’). The ISD also gave discretion in terms of the publication format and timing (‘form in which and the precise time’). The ISD provided no rules concerning publication accuracy (data accuracy) or the technical accessibility of the published data (i.e. no rules on standardization/comparability).3

Deze functie is alleen te gebruiken als je bent ingelogd.