Retained EU Law SI 2017/588 United Kingdom

Commission Delegated Regulation (EU) 2017/588 of 14 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the tick size regime for shares, depositary receipts and exchange-traded funds (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 Firm1

Plus 2 duties 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.art002 Tick size for shares, depositary receipts and exchange-traded funds(Article 49(1) and (2) of Directive 2014/65/EU) Regulated
  • Apply minimum tick sizes to shares, depositary receipts and ETFsFinancial Services Firm
s.art003 Average daily number of transactions for shares and depositary receipts(Article 49(1) and (2) of Directive 2014/65/EU) Regulated
Other duties (1) — Crown / regulator
  • Regulator must calculate and publish average daily transaction number for shares by 1 MarchStatutory regulator
s.art005 Transitional provisions Regulated
Other duties (1) — Crown / regulator
  • Competent authority must publish average daily transaction counts for shares and depositary receiptsStatutory regulator
4 other provisions — procedural and definitional
s.annex para.1 Liquidity bands Price ranges 0 ≤ Average daily number of...
s.art001 Most relevant market in terms of liquidity
s.art004 Corporate actions(Article 49(1) and (2) of Directive 2014/65/EU)
s.art006 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.