What changes on 23/11/2025
The text in force from 01/01/2024 compared with the text from 23/11/2025, which includes the changes made by Commission Delegated Regulation (EU) 2025/1246.
2 inserted
12 amended
0 deleted
0 moved
Read the act as of 23/11/2025 · other versions: 09/04/2019 · 05/06/2023 · 01/01/2024 · 02/03/2026
Chapter I
Chapter II › Section 1
- amended Article 4 - Most relevant market in terms of liquidity(Article 4(1)(a) of Regulation (EU) No 600/2014)
- amended Article 6 - Negotiated transactions subject to conditions other than the current market price(Article 4(1)(b) of Regulation (EU) No 600/2014)
- amended 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 11a - Quote size below which the pre-trade transparency requirements under Articles 14, 15, 16 and 17 of Regulation (EU) No 600/2014 apply(Article 14(2) of Regulation (EU) No 600/2014)
- inserted Article 11b - Minimum quote size(Article 14(3) of Regulation (EU) No 600/2014)
- amended Article 10 - Prices reflecting prevailing market conditions(Article 14(3) of Regulation (EU) No 600/2014)
- amended Article 11 - Standard market size(Article 14(2) and (4) of Regulation (EU) No 600/2014)
Chapter III
- amended Article 12 - Post-trade transparency obligations(Article 6(1) and Article 20(1) and (2) of Regulation (EU) No 600/2014)
- amended 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)
- amended Article 15 - Deferred publication of transactions(Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014)
Chapter IV
- amended Article 19 - Sunset clause