Retained EU Law SI 2017/578 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)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm4

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art001 Obligation for investment firms to enter into a market making agreement Regulated
  • Enter into a market making agreement if you pursue a market making strategyFinancial Services Firm
s.art004 Identification of exceptional circumstances Regulated
Other duties (1) — Crown / regulator
  • Trading venues must make exceptional circumstances public and set recovery proceduresStatutory regulator
s.art005 Obligation for trading venues to have market making schemes in place Regulated
  • Trading venues must have market making schemes for liquid shares, ETFs, options and futuresFinancial Services Firm
s.art006 Minimum obligations as regards the market making schemes Regulated
  • Trading venues must describe market making scheme requirements and incentivesFinancial Services Firm
s.art007 Fair and non-discriminatory market making schemes Regulated
  • Operate market making schemes fairly and non-discriminatorilyFinancial Services Firm
3 other provisions — procedural and definitional
s.art002 Content of market making agreements
s.art003 Exceptional circumstances
s.art008 Entry into force and application

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.