Commission Delegated Regulation (EU) 2017/567

Preamble

Preamble · 1 unchanged

Recitals

Recitals · 21 unchanged

Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21

Chapter I - DETERMINING LIQUID MARKETS FOR EQUITY INSTRUMENTS

amendedrenamed Article 1 - Determining liquid markets for shares(Article 2(1), point (17)(b), of Regulation (EU) No 600/2014) Chapter I was “Article 1 - Determining liquid markets for shares (Article 2(1)(17)(b) of Regulation (EU) No 600/2014)”
amendedrenamed Article 2 - Determining liquid markets for depositary receipts(Article 2(1), point (17)(b), of Regulation (EU) No 600/2014) Chapter I was “Article 2 - Determining liquid markets for depositary receipts (Article 2(1)(17)(b) of Regulation (EU) No 600/2014)”
amendedrenamed Article 3 - Determining liquid markets for exchange traded funds(Article 2(1), point (17)(b), of Regulation (EU) No 600/2014) Chapter I was “Article 3 - Determining liquid markets for exchange traded funds (Article 2(1)(17)(b) of Regulation (EU) No 600/2014)”
amendedrenamed Article 4 - Determining liquid markets for certificates(Article 2(1), point (17)(b), of Regulation (EU) No 600/2014) Chapter I was “Article 4 - Determining liquid markets for certificates (Article 2(1)(17)(b) of Regulation (EU) No 600/2014)”
inserted Article 4a - Determining liquid markets for other similar financial instruments(Article 2(1), point (17)(b), of Regulation (EU) No 600/2014) Chapter I
amendedrenamed Article 5 - Assessment of liquidity of equity instruments by the competent authorities(Article 2(1), point (17)(b), of Regulation (EU) No 600/2014) Chapter I was “Article 5 - Assessment of liquidity of equity instruments by the competent authorities (Article 2(1)(17)(b) of Regulation (EU) No 600/2014)”

Chapter II - DATA PROVISION OBLIGATIONS FOR TRADING VENUES AND SYSTEMATIC INTERNALISERS

amendedrenamed Article 6 - Obligation to provide market data on a reasonable commercial basis(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) Chapter II was “Article 6 - Obligation to provide market data on a reasonable commercial basis (Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)”
amendedrenamed Article 7 - Obligation to provide market data on the basis of cost(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) Chapter II was “Article 7 - Obligation to provide market data on the basis of cost (Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)”
amendedrenamed Article 8 - Obligation to provide market data on a non-discriminatory basis(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) Chapter II was “Article 8 - Obligation to provide market data on a non-discriminatory basis (Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)”
amendedrenamed Article 9 - Obligations in relation to per user fees(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) Chapter II was “Article 9 - Obligations in relation to per user fees (Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)”
amendedrenamed Article 10 - Obligation to keep data unbundled and to disaggregate market data(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) Chapter II was “Article 10 - Obligation to keep data unbundled and to disaggregate market data (Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)”
amendedrenamed Article 11 - Transparency obligation(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) Chapter II was “Article 11 - Transparency obligation (Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)”

Chapter III - DATA PUBLICATION OBLIGATIONS FOR SYSTEMATIC INTERNALISERS

amendedrenamed Article 12 - Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours(Article 15(1) of Regulation (EU) No 600/2014) Chapter III was “Article 12 - Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours (Article 15(1) of Regulation (EU) No 600/2014)”
amendedrenamed Article 13 - Obligation for systematic internalisers to make quotes easily accessible(Article 15(1) of Regulation (EU) No 600/2014) Chapter III was “Article 13 - Obligation for systematic internalisers to make quotes easily accessible (Article 15(1) of Regulation (EU) No 600/2014)”
amendedrenamed Article 14 - Execution of orders by systematic internalisers(Article 15(1), 15(2) and 15(3) of Regulation (EU) No 600/2014) Chapter III was “Article 14 - Execution of orders by systematic internalisers (Article 15(1), 15(2) and 15(3) of Regulation (EU) No 600/2014)”
amendedrenamed Article 15 - Orders considerably exceeding the norm(Article 17(2) of Regulation (EU) No 600/2014) Chapter III was “Article 15 - Orders considerably exceeding the norm (Article 17(2) of Regulation (EU) No 600/2014)”
removed Article 16 - Size specific to the instrument (Article 18(6) of Regulation (EU) No 600/2014) Chapter III
inserted Article 16a - Post-trade risk reduction services(Article 31(4), point (b), of Regulation (EU) No 600/2014) Chapter III

Chapter IV - DERIVATIVES

amendedrenamed Article 17 - Elements of Portfolio compression(Article 31(4) of Regulation (EU) No 600/2014) Chapter IV was “Article 17 - Elements of Portfolio compression (Article 31(4) of Regulation (EU) No 600/2014)”
removed Article 18 - Publication requirements for Portfolio compression (Article 31(4) of Regulation (EU) No 600/2014) Chapter IV

Chapter V - SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITION MANAGEMENT

amendedrenamed Article 19 - Criteria and factors for the purposes of ESMA temporary product intervention powers(Article 40(2) of Regulation (EU) No 600/2014) Chapter V › Section 1 was “Article 19 - Criteria and factors for the purposes of ESMA temporary product intervention powers (Article 40(2) of Regulation (EU) No 600/2014)”
amendedrenamed Article 20 - Criteria and factors for the purposes of EBA temporary product intervention powers(Article 41(2) of Regulation (EU) No 600/2014) Chapter V › Section 1 was “Article 20 - Criteria and factors for the purposes of EBA temporary product intervention powers (Article 41(2) of Regulation (EU) No 600/2014)”
amendedrenamed Article 21 - Criteria and factors to be taken into account by competent authorities for the purposes of product intervention powers(Article 42(2) of Regulation (EU) No 600/2014) Chapter V › Section 1 was “Article 21 - Criteria and factors to be taken into account by competent authorities for the purposes of product intervention powers (Article 42(2) of Regulation (EU) No 600/2014)”
amendedrenamed Article 22 - Position management powers of ESMA(Article 45 of Regulation (EU) No 600/2014) Chapter V › Section 2 was “Article 22 - Position management powers of ESMA (Article 45 of Regulation (EU) No 600/2014)”

Chapter VI - FINAL PROVISIONS

amended Article 23 - Transitional provisions Chapter VI

Chapter VI · 1 unchanged

Article 24

Annexes

amendedrenamed Annex 1 - Data to be provided for the purposes of determining a liquid market for shares, depositary receipts, exchange-traded funds, certificates and other equity-like financial instruments was “Annex 1”