EU Equity pre- and post-trade transparency regulation: from ISD to MiFID II
Einde inhoudsopgave
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.II.1.2.3:5.II.1.2.3 Traded in the system
EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.II.1.2.3
5.II.1.2.3 Traded in the system
Documentgegevens:
mr. J.E.C. Gulyás, datum 01-02-2021
- Datum
01-02-2021
- Auteur
mr. J.E.C. Gulyás
- JCDI
JCDI:ADS266532:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Financieel recht / Europees financieel recht
Financiële dienstverlening / Financieel toezicht
Deze functie is alleen te gebruiken als je bent ingelogd.
The MiFID II equity pre-trade transparency obligations apply to potential equity transactions that take place in the system (i.e. through or under the rules of the system) of an RM or MTF. This follows from the MiFID II-definitions of RMs and MTFs.1 A ‘system’ encompasses all those markets that are: (1) composed of a set of rules and a trading platform (e.g. electronic system), as well as (2) those markets that only function on the basis of a set of rules.2 A similar definition was in place under MiFID I.3