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Commission Delegated Regulation (EU) 2017/587 of 14 July 2016
Supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments and on transaction execution obligations in respect of certain shares on a trading venue or by a systematic internaliser
(Text with EEA relevance)- Recitals
CHAPTER I — GENERAL- CHAPTER II — PRE-TRADE TRANSPARENCY
- Section 1 — Pre-trade transparency for trading venues
- Article 3 — Pre-trade transparency obligations
- Article 4 — Most relevant market in terms of liquidity
- Article 5 — Specific characteristics of negotiated transactions
- Article 6 — Negotiated transactions subject to conditions other than the current market price
- Article 7 — Orders that are large in scale
- Article 8 — Type and minimum size of orders held in an order management facility
- Section 2 — Pre-trade transparency for systematic internalisers and investment firms trading outside a trading venue
- CHAPTER III — POST-TRADE TRANSPARENCY FOR TRADING VENUES AND INVESTMENT FIRMS TRADING OUTSIDE A TRADING VENUE
- Article 12 — Post-trade transparency obligations
- Article 13 — Application of post-trade transparency to certain types of transactions executed outside a trading venue
- Article 14 — Real time publication of transactions
- Article 15 — Deferred publication of transactions
- Article 16 — References to trading day and daily trading hours
- CHAPTER IV — PROVISIONS COMMON TO PRE-TRADE AND POST-TRADE TRANSPARENCY CALCULATIONS
- Final
- ANNEX I — Information to be made public
- ANNEX II — Orders large in scale compared with normal market size, standard market sizes and deferred publications and delays
- ANNEX III — Reference data to be provided for the purpose of transparency calculations