What changes on 02/03/2026

The text in force from 01/01/2024 compared with the text from 02/03/2026, which includes the changes made by Commission Delegated Regulation (EU) 2025/1246.

Read the act as of 02/03/2026 · other versions: 15/04/2021 · 03/05/2022 · 05/06/2023 · 01/01/2024

Chapter I

• inserted Article 1a - Scope of application of Articles 3, 6, 8, 9, 10, 11 and 13
• amended Article 1 - Definitions(Article 9(5), point (f), of Regulation (EU) No 600/2014)

Chapter II

• inserted Article 3a - Orders which are large in scale for bonds, structured finance products and emission allowances(Article 9(1), point (a), of Regulation (EU) No 600/2014)
• inserted Article 6a - The classes of bonds, structured finance products and emission allowances for which there is not a liquid market(Article 9(1), point (c), of Regulation (EU) No 600/2014)
• deleted Article 5 - Size specific to the financial instrument(Articles 8(4) and 9(1)(b) of Regulation (EU) No 600/2014) last in force on the version of 01/01/2024

Chapter III

• inserted Article 8a - Deferred publication of transactions for bonds, structured finance products and emission allowances(Article 11 of Regulation (EU) No 600/2014)
• inserted Article 11a - Transparency requirements for sovereign debt instruments in conjunction with deferred publication at the discretion of competent authorities(Article 11(3) of Regulation (EU) No 600/2014)
• amended Article 7 - Post-trade transparency obligations(Article 10(1) and Article 21(1) and (5) of Regulation (EU) No 600/2014)
• amended Article 11 - Transparency requirements in conjunction with deferred publication at the discretion of the competent authorities(Article 11(3) of Regulation (EU) No 600/2014)

Chapter IV

• amended Article 13 - Methodology to perform the transparency calculations(Article 9(1) and (2), Article 11(1) and Article 22(1) of Regulation (EU) No 600/2014)
• amended Article 16 - Temporary suspension of transparency obligations(Article 9(4) of Regulation (EU) No 600/2014)
• deleted Article 17 - Provisions for the liquidity assessment for bonds and for the determination of the pre-trade size specific to the instrument thresholds based on trade percentiles last in force on the version of 01/01/2024
• deleted Article 18 - Transitional provisions last in force on the version of 01/01/2024

Outside any heading

• amended Annex I - Types of system and the related information to be made public in accordance with Article 2
• amended Annex II - Details of transactions to be made available to the public
• amended Annex III - Liquidity assessment, LIS and SSTI thresholds for non-equity financial instruments