§1 SCOPE OF THIS NOTICE

COMMISSION NOTICE on the interpretation and implementation of the transitional provision laid down in Regulation (EU) 2024/791 of the European Parliament and of the Council 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 · European Union

Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (‘MiFIR’) is amended by Regulation (EU) 2024/791 (the ‘MiFIR review’). This interpretative notice aims to clarify the transitional arrangement set out in Article 54(3) of MiFIR as amended by the MiFIR review. The below references refer to Articles in MiFIR as amended by the MiFIR review. The notice does not extend in any way the rights and obligations deriving from the MiFIR review nor does it introduce any additional requirements for the operators concerned and competent authorities. Statements and opinions provided in this document reflect the view of the European Commission. According to the Treaty on the Functioning of the EU, the Court of Justice has the sole jurisdiction to interpret the acts of the institutions of the European Union.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07