What changes on 20/04/2017

The text in force from 12/01/2016 compared with the text from 20/04/2017.

Read the act as of 20/04/2017 · other versions: 09/04/2019 · 05/06/2023 · 01/01/2024 · 23/11/2025 · 02/03/2026

Chapter I

• inserted Article 1 - Definitions
• inserted Article 2 - Transactions not contributing to the price discovery process (Article 23(1) of Regulation (EU) No 600/2014)

Chapter II › Section 1

• inserted Article 3 - Pre-trade transparency obligations (Article 3(1) and (2) of Regulation (EU) No 600/2014)
• inserted Article 4 - Most relevant market in terms of liquidity (Article 4(1)(a) of Regulation (EU) No 600/2014)
• inserted Article 5 - Specific characteristics of negotiated transactions (Article 4(1)(b) of Regulation (EU) No 600/2014)
• inserted Article 6 - Negotiated transactions subject to conditions other than the current market price (Article 4(1)(b) of Regulation (EU) No 600/2014)
• inserted Article 7 - Orders that are large in scale (Article 4(1)(c) of Regulation (EU) No 600/2014)
• inserted Article 8 - Type and minimum size of orders held in an order management facility (Article 4(1)(d) of Regulation (EU) No 600/2014)

Chapter II › Section 2

• inserted Article 9 - Arrangements for the publication of a firm quote (Article 14(1) of Regulation (EU) No 600/2014)
• inserted Article 10 - Prices reflecting prevailing market conditions (Article 14(3) of Regulation (EU) No 600/2014)
• inserted Article 11 - Standard market size (Article 14(2) and (4) of Regulation (EU) No 600/2014)

Chapter III

• inserted Article 12 - Post-trade transparency obligations (Article 6(1) and Article 20(1) and (2) of Regulation (EU) No 600/2014)
• inserted Article 13 - Application of post-trade transparency to certain types of transactions executed outside a trading venue (Article 20(1) of Regulation (EU) No 600/2014)
• inserted Article 14 - Real time publication of transactions (Article 6(1) of Regulation (EU) No 600/2014)
• inserted Article 15 - Deferred publication of transactions (Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014)
• inserted Article 16 - References to trading day and daily trading hours

Chapter IV

• inserted Article 17 - Methodology, date of publication and date of application of the transparency calculations (Article 22(1) of Regulation (EU) No 600/2014)
• inserted Article 18 - Reference to competent authorities (Article 22(1) of Regulation (EU) No 600/2014)
• inserted Article 19 - Transitional provisions
• inserted Article 20 - Entry into force and application

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Recital 17
• inserted Recital 18
• inserted Recital 19
• inserted Recital 20
• inserted Recital 21
• inserted Preamble
• inserted Annex I
• inserted Annex II
• inserted Annex III