Regulation 600/2014/EU - MiFIR Regulation

Version status: Applicable | Document consolidation status: Updated to reflect all known changes

Published date: 12 June 2014

Regulation 600/2014/EU - MiFIR Regulation

Public statement

Actions to mitigate the impact of COVID-19 on the EU financial markets – postponement of the reporting obligations related to securities financing transactions under the Securities Financing Transactions Regulation and under Markets in Financial Instruments Regulation (ESMA80-191-995)

	Recitals
	Title I Subject matter, scope and definitions (arts. 1-2)
	Article 1 Subject matter and scope
	Article 2 Definitions
	Title II Transparency for trading venues (arts. 3-13)
	Chapter 1 Transparency for equity instruments (arts. 3-7)
	Article 3 Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
	Article 4 Waivers for equity instruments
	Article 5 Volume cap
	Article 6 Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
	Article 7 Authorisation of deferred publication
	Chapter 2 Transparency for non-equity instruments (arts. 8-11)
	Article 8 Pre-trade transparency requirements for trading venues in respect of bonds, structured finance products and emission allowances
	Article 8a Pre-trade transparency requirements for trading venues in respect of derivatives
	Article 8b Pre-trade transparency requirements for trading venues in respect of package orders
	Article 9 Waivers for bonds, structured finance products, emission allowances, derivatives and package orders
	Article 10 Post-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivatives
	Article 11 Deferred publication in respect of bonds, structured finance products or emission allowances
	Article 11a Deferred publication in respect of derivatives
	Chapter 3 Obligation to offer trade data on a separate and reasonable commercial basis (arts. 12-13)
	Article 12 Obligation to make pre-trade and post-trade data available separately
	Article 13 Obligation to make pre-trade and post-trade data available on a reasonable commercial basis
	Title III Transparency for Systematic Internalisers and Investment Firms Trading OTC and Tick Size Regime for Systematic Internalisers (arts. 14-23a)
	Article 14 Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
	Article 15 Execution of client orders
	Article 16 Obligations of competent authorities
	Article 17 Access to quotes
	Article 17a Tick sizes
	Article 18 Obligation for systematic internalisers to make public firm quotes in respect of bonds, structured finance products, emission allowances and derivatives
	Article 19 Monitoring by ESMA
	Article 20 Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
	Article 21 Post-trade disclosure by investment firms in respect of bonds, structured finance products, emission allowances and derivatives
	Article 21a Designated publishing entities
	Article 22 Providing information for the purposes of transparency and other calculations
	Article 22a Transmission of data to the CTP
	Article 22b Data quality
	Article 22c Synchronisation of business clocks
	Article 23 Trading obligation for investment firms
	Article 23a Accessibility of information on the European single access point
	Title IV Transaction reporting (arts. 24-27)
	Article 24 Obligation to uphold integrity of markets
	Article 25 Obligation to maintain records
	Article 26 Obligation to report transactions
	Article 27 Obligation to supply financial instrument reference data
	Title IVa Data reporting services (arts. 27a-27i)
	Chapter 1 Authorisation of data reporting services providers (arts. 27a-27f)
	Article 27a
	Article 27b Requirement for authorisation
	Article 27c Authorisation of data reporting services providers
	Article 27d Procedures for granting and refusing applications for authorisation of ARMs and APAs
	Article 27da Procedure for the selection of a single CTP for each asset class
	Article 27db Procedures for granting and refusing applications for authorisation of CTPs
	Article 27e Withdrawal of authorisation
	Article 27f Requirements for the management body of a data reporting services provider
	Chapter 2 Conditions for APAs, CTPs and ARMs (arts. 27g-27i)
	Article 27g Organisational requirements for APAs
	Article 27h Organisational requirements for CTPs
	Article 27ha Reporting obligations for CTPs
	Article 27i Organisational requirements for ARMs
	Title V Derivatives (arts. 28-34)
	Article 28 Obligation to trade on regulated markets, MTFs or OTFs
	Article 29 Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing
	Article 30 Indirect clearing arrangements
	Article 31 Post-trade risk reduction services
	Article 32 Trading obligation procedure
	Article 32a Stand-alone suspension of the trading obligation
	Article 33 Mechanism to avoid duplicative or conflicting rules
	Article 34 Register of derivatives subject to the trading obligation
	Title VI Non-discriminatory clearing access for financial instruments (arts. 35-38)
	Article 35 Non-discriminatory access to a CCP
	Article 36 Non-discriminatory access to a trading venue
	Article 37 Non-discriminatory access to and obligation to licence benchmarks
	Article 38 Access for third-country CCPs and trading venues
	Title VIa ESMA powers and competences (arts. 38a-38o)
	Chapter 1 Competences and procedures (arts. 38a-38g)
	Article 38a Exercise of ESMA's powers
	Article 38b Request for information
	Article 38c General investigations
	Article 38d On-site inspections
	Article 38e Exchange of information
	Article 38f Professional secrecy
	Article 38g Supervisory measures by ESMA
	Chapter 2 Administrative sanctions and other administrative measures (arts. 38h-38o)
	Article 38h Fines
	Article 38i Periodic penalty payments
	Article 38j Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
	Article 38k Procedural rules for taking supervisory measures and imposing fines
	Article 38l Hearing of the persons concerned
	Article 38m Review by the Court of Justice
	Article 38n Authorisation and supervisory fees
	Article 38o Delegation of tasks by ESMA to competent authorities
	Title VII Supervisory measures on product intervention and positions (arts. 39-45)
	Chapter 1 Product monitoring and intervention (arts. 39-43)
	Article 39 Market monitoring
	Article 39a Prohibition of receiving payment for order flow
	Article 40 ESMA temporary intervention powers
	Article 41 EBA temporary intervention powers
	Article 42 Product intervention by competent authorities
	Article 43 Coordination by ESMA and EBA
	Chapter 2 Positions (arts. 44-45)
	Article 44 Coordination of national position management measures and position limits by ESMA
	Article 45 Position management powers of ESMA
	Title VIII Provision of sevices and performance of activities by third-country firms following an equivalence decision with or without a branch (arts. 46-49)
	Article 46 General provisions
	Article 47 Equivalence decision
	Article 48 Register
	Article 49 Withdrawal of registration
	Title IX Delegated and implementing acts (arts. 50-51)
	Chapter 1 Delegated acts (art. 50)
	Article 50 Exercise of the delegation
	Chapter 2 Implementing acts (art. 51)
	Article 51 Committee procedure
	Title X Final provisions (arts. 52-55)
	Article 52 Reports and review
	Article 53 Amendment of regulation (EU) No 648/2012
	Article 54 Transitional provisions
	Article 54a Transitional measures related to ESMA
	Article 54b Relations with auditors
	Article 55 Entry into force and application
	Done at