Obligation for investment firms to enter into a market making agreement
- Enter into a market making agreement if you pursue a market making strategy
Retained EU Law
2017
United Kingdom
Commission Delegated Regulation (EU) 2017/578 of 13 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards specifying the requirements on market making agreements and schemes (Text with EEA relevance)
At a glance
What's here
5 compliance obligations
Who this Act binds
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Identification of exceptional circumstances
Other duties (1) — Crown / regulator
- Trading venues must make exceptional circumstances public and set recovery procedures Statutory regulator
Obligation for trading venues to have market making schemes in place
- Trading venues must have market making schemes for liquid shares, ETFs, options and futures
Minimum obligations as regards the market making schemes
- Trading venues must describe market making scheme requirements and incentives
Fair and non-discriminatory market making schemes
- Operate market making schemes fairly and non-discriminatorily
Browse 3 other sections — procedural / definitional / commencement
Content of market making agreements
Exceptional circumstances
Entry into force and application
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