EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/8.III.2.3:8.III.2.3 Background

EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/8.III.2.3

8.III.2.3 Background

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.

In drafting MiFID I, the Commission, European Parliament and Council considered equal conditions for deferral to be important, regardless whether authorised as an RM, MTF or investment firm trading outside such venues.1 The latter was reflected in the final MiFID I text. Under MiFID I the investment firm could defer publication in relation to (a) shares admitted to trading on a regulated for which (b) an RM was authorised to use a deferred publication arrangement.2 Accordingly, the same length and conditions for deferral applied to investment firms operating outside an RM or MTF. In addition, the approach could provide simplicity to the investment firm. The MiFID I deferral provisions enabled NCAs to permit the investment firm trading outside an RM/MTF not to request deferral at the NCA. MiFID I permitted NCAs to do so, since an RM was already authorized to provide deferred publication for the share in question.3

Deze functie is alleen te gebruiken als je bent ingelogd.