systematic internaliser
Definitions over time (1)
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01/07/2016 – 31/12/2019 Article 4, Directive 2014/65/EU (MIFID II) Scope: Whole act
For the purposes of this Directive, the following definitions apply:
‘systematic internaliser’ means an investment firm which, on an organised, frequent systematic and substantial basis, deals on own account when executing client orders outside a regulated market, an MTF or an OTF without operating a multilateral system;
Other definitions of this term in this act (1)
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Earlier definition records in this act (1)
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- Article 4(1)(20) Historical · definitions end 17/09/2014
Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.