Type and minimum size of orders held in an order management facility(Article 4(1)(d) of Regulation (EU) No 600/2014)
- Ensure minimum order sizes for orders held pending disclosure
Retained EU Law
2017
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)
At a glance
What's here
7 compliance obligations
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.
Arrangements for the publication of a firm quote(Article 14(1) of Regulation (EU) No 600/2014)
- Ensure firm quote publication arrangements meet transparency and reliability standards
Post-trade transparency obligations(Article 6(1) and Article 20(1) and (2) of Regulation (EU) No 600/2014)
- Publish post-trade transaction details and handle corrections
Real time publication of transactions(Article 6(1) of Regulation (EU) No 600/2014)
- Publish post-trade transaction details in real time or within one minute
Deferred publication of transactions(Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014)
- Publish deferred transaction details within allowed deferral periods
Methodology, date of publication and date of application of the transparency calculations(Article 22(1) of Regulation (EU) No 600/2014)
- Submit daily transaction details to competent authorities
Transitional provisions
- Use published transparency data for pre-trade and post-trade purposes
Browse 26 other sections — procedural / definitional / commencement
uri:annex/i
Table 1 Symbol table Symbol Data Type Definition {ALPHANUM-n} Up...
Table 2 Details of the reference data to be provided...
Table 1 Orders large in scale compared with normal market...
Table 2 Orders large in scale compared with normal market...
Table 3 Standard market sizes Average value of transactions (AVT)...
Table 4 Deferred publication thresholds and delays for shares and...
Table 5 Deferred publication thresholds and delays for ETFs Minimum...
Table 6 Deferred publication thresholds and delays for certificates and...
Table 1 Description of the type of trading systems and...
Table 2 Symbol table for Table 3 Symbol Data type...
Table 3 List of details for the purpose of post-trade...
Table 4 List of flags for the purpose of post-trade...
Definitions
Transactions not contributing to the price discovery process(Article 23(1) of Regulation (EU) No 600/2014)
Pre-trade transparency obligations(Article 3(1) and (2) of Regulation (EU) No 600/2014)
Most relevant market in terms of liquidity(Article 4(1)(a) of Regulation (EU) No 600/2014)
Specific characteristics of negotiated transactions(Article 4(1)(b) of Regulation (EU) No 600/2014)
Negotiated transactions subject to conditions other than the current market price(Article 4(1)(b) of Regulation (EU) No 600/2014)
Orders that are large in scale(Article 4(1)(c) of Regulation (EU) No 600/2014)
Prices reflecting prevailing market conditions (Article 14(3) of Regulation (EU) No 600/2014)
Standard market size(Article 14(2) and (4) of Regulation (EU) No 600/2014)
Application of post-trade transparency to certain types of transactions executed outside a trading venue(Article 20(1) of Regulation (EU) No 600/2014)
References to trading day and daily trading hours
Reference to competent authorities(Article 22(1) of Regulation (EU) No 600/2014)
Entry into force and application
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