Article 18 › 9
MiFIR
The quoted price or prices shall be such as to ensure that the systematic internaliser complies with its obligations under Article 27 of Directive 2014/65/EU, where applicable, and shall reflect prevailing market conditions in relation to prices at which transactions are concluded for the same or similar financial instruments on a trading venue. However, in justified cases, they may execute orders at a better price provided that the price falls within a public range close to market conditions.
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Source: EUR-Lex CELLAR · retrieved 2026-09-04