(46)A Member State may decide to apply the pre- and post-trade transparency requirements laid down in this Directive to financial instruments other than shares. In that case those requirements should apply to all investment firms for which that Member State is the home Member State for their operations within the territory of that Member State and those carried out cross-border through the freedom to provide services. They should also apply to the operations carried out within the territory of that Member State by the branches established in its territory of investment firms authorised in another Member State.
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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU.
103 provisions change.
Later versions: 03/01/2018.
Recital 46 changes in this version: compare with the current text.