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New version applies from 17/09/2014 — introduced by Regulation (EU) No 909/2014 (CSDR). 275 provisions change. Later versions: 01/07/2016, 01/10/2018, 31/12/2019, 26/03/2020, 26/06/2021, 10/11/2021, 01/01/2022, 28/02/2022, 23/03/2023, 09/01/2024, 28/03/2024, 17/01/2025, 06/06/2026. Recital 113 changes in this version: compare with the current text.

Recital 113

Recital 113

(113)Given the importance of liquidity provision to the orderly and efficient functioning of markets, investment firms that engage in algorithmic trading to pursue a market making strategy should have written agreements in place with trading venues clarifying their obligations to provide liquidity to the market.

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