Investment firms that engage in algorithmic trading pursuing a market making strategy should have in place appropriate systems and controls for that activity. Such an activity should be understood in a way specific to its context and purpose. The definition of such an activity is therefore independent from definitions such as that of ‘market making activities’ in Regulation (EU) No 236/2012 of the European Parliament and of the Council ( 27 ) .).
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New version applies from 01/07/2016 — introduced by Directive (EU) 2016/1034.
202 provisions change.
Later versions: 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 60 changes in this version: compare with the current text.