Recital 9

(9)For market operators and investment firms operating a trading venue, APAs and systematic internalisers which are authorised before 23 November 2025, Delegated Regulation (EU) 2025/1156 will apply from 23 August 2026. Therefore, Chapter II of Delegated Regulation (EU) 2017/567 should be deleted with effect from 23 August 2026,