(14)It is considered that securities financing transactions, as defined in Regulation (EU) 2015/2365 of the European Parliament and of the Council 8 , do not contribute to the price discovery process and that it would be appropriate that Title II and Title III of Regulation (EU) No 600/2014 not apply to those transactions.
Recital 14
- 8 Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 ( OJ L 337, 23.12.2015, p. 1 ). ↩