Retained EU Law SI 2017/587 United Kingdom

Commission Delegated Regulation (EU) 2017/587 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments and on transaction execution obligations in respect of certain shares on a trading venue or by a systematic internaliser (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 Firm6 Trader1

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
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

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.art008 Type and minimum size of orders held in an order management facility(Article 4(1)(d) of Regulation (EU) No 600/2014) Regulated
  • Ensure minimum order sizes for orders held pending disclosureFinancial Services Firm
s.art009 Arrangements for the publication of a firm quote(Article 14(1) of Regulation (EU) No 600/2014) Regulated
  • Ensure firm quote publication arrangements meet transparency and reliability standardsTrader
s.art012 Post-trade transparency obligations(Article 6(1) and Article 20(1) and (2) of Regulation (EU) No 600/2014) Regulated
  • Publish post-trade transaction details and handle correctionsFinancial Services Firm
s.art014 Real time publication of transactions(Article 6(1) of Regulation (EU) No 600/2014) Regulated
  • Publish post-trade transaction details in real time or within one minuteFinancial Services Firm
s.art015 Deferred publication of transactions(Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014) Regulated
  • Publish deferred transaction details within allowed deferral periodsFinancial Services Firm
s.art017 Methodology, date of publication and date of application of the transparency calculations(Article 22(1) of Regulation (EU) No 600/2014) Regulated
  • Submit daily transaction details to competent authoritiesFinancial Services Firm
s.art019 Transitional provisions Regulated
  • Use published transparency data for pre-trade and post-trade purposesFinancial Services Firm
26 other provisions — procedural and definitional
uri:annex/i uri:annex/i
s.annex iii para.1 Table 1 Symbol table Symbol Data Type Definition {ALPHANUM-n} Up...
s.annex iii para.2 Table 2 Details of the reference data to be provided...
s.annex ii para.1 Table 1 Orders large in scale compared with normal market...
s.annex ii para.2 Table 2 Orders large in scale compared with normal market...
s.annex ii para.3 Table 3 Standard market sizes Average value of transactions (AVT)...
s.annex ii para.4 Table 4 Deferred publication thresholds and delays for shares and...
s.annex ii para.5 Table 5 Deferred publication thresholds and delays for ETFs Minimum...
s.annex ii para.6 Table 6 Deferred publication thresholds and delays for certificates and...
s.annex i para.1 Table 1 Description of the type of trading systems and...
s.annex i para.2 Table 2 Symbol table for Table 3 Symbol Data type...
s.annex i para.3 Table 3 List of details for the purpose of post-trade...
s.annex i para.4 Table 4 List of flags for the purpose of post-trade...
s.art001 Definitions
s.art002 Transactions not contributing to the price discovery process(Article 23(1) of Regulation (EU) No 600/2014)
s.art003 Pre-trade transparency obligations(Article 3(1) and (2) of Regulation (EU) No 600/2014)
s.art004 Most relevant market in terms of liquidity(Article 4(1)(a) of Regulation (EU) No 600/2014)
s.art005 Specific characteristics of negotiated transactions(Article 4(1)(b) of Regulation (EU) No 600/2014)
s.art006 Negotiated transactions subject to conditions other than the current market price(Article 4(1)(b) of Regulation (EU) No 600/2014)
s.art007 Orders that are large in scale(Article 4(1)(c) of Regulation (EU) No 600/2014)
s.art010 Prices reflecting prevailing market conditions (Article 14(3) of Regulation (EU) No 600/2014)
s.art011 Standard market size(Article 14(2) and (4) of Regulation (EU) No 600/2014)
s.art013 Application of post-trade transparency to certain types of transactions executed outside a trading venue(Article 20(1) of Regulation (EU) No 600/2014)
s.art016 References to trading day and daily trading hours
s.art018 Reference to competent authorities(Article 22(1) of Regulation (EU) No 600/2014)
s.art020 Entry into force and application

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