Commission Delegated Regulation (EU) 2017/567 of 18 May 2016
Supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions
(Text with EEA relevance)- Recitals
CHAPTER I — DETERMINING LIQUID MARKETS FOR EQUITY INSTRUMENTS
- Article 1 — Determining liquid markets for shares
- Article 2 — Determining liquid markets for depositary receipts
- Article 3 — Determining liquid markets for exchange traded funds
- Article 4 — Determining liquid markets for certificates
- Article 5 — Assessment of liquidity of equity instruments by the competent authorities
CHAPTER II — DATA PROVISION OBLIGATIONS FOR TRADING VENUES AND SYSTEMATIC INTERNALISERS
- Article 6 — Obligation to provide market data on a reasonable commercial basis
- Article 7 — Obligation to provide market data on the basis of cost
- Article 8 — Obligation to provide market data on a non-discriminatory basis
- Article 9 — Obligations in relation to per user fees
- Article 10 — Obligation to keep data unbundled and to disaggregate market data
- Article 11 — Transparency obligation
CHAPTER III — DATA PUBLICATION OBLIGATIONS FOR SYSTEMATIC INTERNALISERS
- Article 12 — Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours
- Article 13 — Obligation for systematic internalisers to make quotes easily accessible
- Article 14 — Execution of orders by systematic internalisers
- Article 15 — Orders considerably exceeding the norm
- Article 16 — Size specific to the instrument
CHAPTER IV — DERIVATIVES
CHAPTER V — SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITION MANAGEMENT
SECTION 1 — Product intervention
- Article 19 — Criteria and factors for the purposes of ESMA temporary product intervention powers
- Article 20 — Criteria and factors for the purposes of EBA temporary product intervention powers
- Article 21 — Criteria and factors to be taken into account by competent authorities for the purposes of product intervention powers
SECTION 2 — Position management powers
CHAPTER VI — FINAL PROVISIONS
- Final
- ANNEX — Data to be provided for the purpose of determining a liquid market for shares, depositary receipts, exchange-traded funds and certificates