MiFIR — REGULATION (EU) No 600/2014 OF THE EUROPEAN PARLIAMENT AND…

MiFIR — 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 (Text with EEA relevance)

regulation · European Union · 32014R0600

569 provisions in 1331 nodes · cited by 50 instruments we hold · 4 provisions hand work to national law

Defined terms · All instruments · European Central Bank · Internet · access to information · advertising · branch · capital market · competition · competition law

TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS

Article 1 Subject matter and scope

Article 2 Definitions

TITLE II TRANSPARENCY FOR TRADING VENUES

CHAPTER 1 Transparency for equity instruments

Article 3 Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments

Division

Article 4 Waivers for equity instruments

Article 5 Volume Cap Mechanism

Article 6 Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments

Division

Article 7 Authorisation of deferred publication

CHAPTER 2 Transparency for non-equity instruments

Article 8 Pre-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivatives

Division

Article 9 Waivers for non-equity instruments

Article 10 Post-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivatives

Division

Article 11 Authorisation of deferred publication

CHAPTER 3 Obligation to offer trade data on a separate and reasonable commercial basis

Article 12 Obligation to make pre-trade and post-trade data available separately

Division

Article 13 Obligation to make pre-trade and post-trade data available on a reasonable commercial basis

Division

TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC

Article 14 Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments

Division

Article 15 Execution of client orders

Division

Article 16 Obligations of competent authorities

Article 17 Access to quotes

Article 18 Obligation for systematic internalisers to make public firm quotes in respect of bonds, structured finance products, emission allowances and derivatives

Article 19 Monitoring by ESMA

Division

Article 20 Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments

Article 21 Post-trade disclosure by investment firms, including systematic internalisers, in respect of bonds, structured finance products, emission allowances and derivatives

Article 22 Providing information for the purposes of transparency and other calculations

Article 23 Trading obligation for investment firms

TITLE IV TRANSACTION REPORTING

Article 24 Obligation to uphold integrity of markets

Division

Article 25 Obligation to maintain records

Division

Article 26 Obligation to report transactions

Article 27 Obligation to supply financial instrument reference data

Article 28 Obligation to trade on regulated markets, MTFs or OTFs

Article 29 Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing

Article 30 Indirect Clearing Arrangements

Division

Article 31 Portfolio Compression

Article 32 Trading obligation procedure

Article 33 Mechanism to avoid duplicative or conflicting rules

Article 34 Register of derivatives subject to the trading obligation

Division

TITLE VI NON-DISCRIMINATORY CLEARING ACCESS FOR FINANCIAL INSTRUMENTS

Article 35 Non-discriminatory access to a CCP

Article 36 Non-discriminatory access to a trading venue

Article 37 Non-discriminatory access to and obligation to licence benchmarks

Article 38 Access for third-country CCPs and trading venues

TITLE VII SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITIONS

CHAPTER 1 Product monitoring and intervention

Article 39 Market monitoring

Division

Article 40 ESMA temporary intervention powers

Article 41 EBA temporary intervention powers

Article 42 Product intervention by competent authorities

Article 43 Coordination by ESMA and EBA

Division

CHAPTER 2 Positions

Article 44 Coordination of national position management measures and position limits by ESMA

Division

Article 45 Position management powers of ESMA

TITLE VIII PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DECISION WITH OR WITHOUT A BRANCH

Article 46 General provisions

Article 47 Equivalence decision

Article 49 Withdrawal of registration

TITLE IX DELEGATED AND IMPLEMENTING ACTS

CHAPTER 1 Delegated acts

Article 50 Exercise of the delegation

Division

CHAPTER 2 Implementing acts

Article 51 Committee procedure

Division

TITLE X FINAL PROVISIONS

Article 52 Reports and review

Article 53 Amendment of Regulation (EU) No 648/2012

Article 54 Transitional provisions

Division

Article 55 Entry into force and application

Division

Preamble