Recital 23

Regulation (EU) 2024/791 of the European Parliament and of the Council of 28 February 2024 amending Regulation (EU) No 600/2014 as regards enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimising the trading obligations and prohibiting receiving payment for order flow (Text with EEA relevance) · European Union

(23) Currently, investment firms are required to report their transactions to their competent authority in any financial instrument traded on a trading venue or where the underlying is traded on a trading venue or is an index or basket composed of financial instruments that are traded on a trading venue, regardless of whether the transaction is executed on or off venue. The concept of ‘traded on a trading venue’ has proven to be problematic in the case of over-the-counter (OTC) derivatives for the purposes of transaction reporting, for the same reason it has proven to be problematic for the purposes of transparency requirements. Therefore, the new scope for transaction reporting of derivatives clarifies that transactions in OTC derivatives executed on venue are to be reported, and those transactions in OTC derivatives executed off venue are to be reported only if they are subject to transparency requirements or if the underlying is traded on a trading venue or is an index or basket composed of financial instruments that are traded on a trading venue.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.