(7)The meaning of the term ‘most relevant market in terms of liquidity’ should be clarified for the purposes of this Regulation, since Regulation (EU) No 600/2014 of the European Parliament and of the Council 2 uses this term for both the purpose of the reference price waiver and for the purpose of transaction reporting.
Recital 7
- 2 Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 ( OJ L 173, 12.6.2014, p. 84 ). ↩