icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Regulation 1287/2006/EC - MiFID RegulationRecitalsChapter I General (arts. 1-6)Article 1 Subject-matter and scopeArticle 2 DefinitionsArticle 3 Transactions related to an individual share in a portfolio trade and volume weighted average price transactionsArticle 4 References to trading dayArticle 5 References to transactionArticle 6 First admission to trading of a share on a regulated marketChapter II Record-keeping: client orders and transactions (arts. 7-8)Article 7 Record-keeping of client orders and decisions to dealArticle 8 Record-keeping of transactionsChapter III Transaction reporting (arts. 9-16)Article 9 Determination of the most relevant market in terms of liquidityArticle 10 Alternative determination of most relevant market in terms of liquidityArticle 11 List of financial instrumentsArticle 12 Reporting channelsArticle 13 Content of the transaction reportArticle 14 Exchange of information on transactionsArticle 15 Request for cooperation and exchange of informationArticle 16 Determination of the substantial importance of a regulated market's operations in a host Member StateChapter IV Market transparency (arts. 17-34)Section 1 Pre-trade transparency for regulated markets and MTFs (arts. 17-20)Article 17 Pre-trade transparency obligationsArticle 18 Waivers based on market model and type of order or transactionArticle 19 References to negotiated transactionArticle 20 Waivers in relation to transactions which are large in scaleSection 2 Pre-trade transparency for systematic internalisers (arts. 21-26)Article 21 Criteria for determining whether an investment firm is a systematic internaliserArticle 22 Determination of liquid sharesArticle 23 Standard market sizeArticle 24 Quotes ref lecting prevailing market conditionsArticle 25 Execution of orders by systematic internalisersArticle 26 Retail sizeSection 3 Post-trade transparency for regulated markets, MTFs and investment firms (arts. 27-28)Article 27 Post-trade transparency obligationArticle 28 Deferred publication of large transactionsSection 4 Provisions common to pre- and post-trade transparency (arts. 29-34)Article 29 Publication and availability of pre- and post-trade transparency dataArticle 30 Public availability of pre- and post-trade informationArticle 31 Disclosure of client limit ordersArticle 32 Arrangements for making information publicArticle 33 Calculations and estimates for shares admitted to trading on a regulated marketArticle 34 Publication and effect of results of required calculations and estimatesChapter V Admission of financial instruments to trading (arts. 35-37)Article 35 Transferable securitiesArticle 36 Units in collective investment undertakingsArticle 37 DerivativesChapter VI Derivative financial instruments (arts. 38-39)Article 38 Characteristics of other derivative financial instrumentsArticle 39 Derivatives within Section C(10) of Annex I to Directive 2004/39/ECChapter VII Final provisions (arts. 40-41)Article 40 Re-examinationsArticle 41 Entry into forceAnnex IAnnex IIDone at
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 25th December 2024
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: Applicable | Document consolidation status: No known changes
Version date: 1 November 2007 - onwards
Version 3 of 3

Article 6 First admission to trading of a share on a regulated market

For the purposes of this Regulation, the first admission to trading of a share on a regulated market referred to in Article 40 of Directive 2004/39/EC shall be considered to take place at a time when one of the following conditions applies:

(a) the share has not previously been admitted to trading on a regulated market;

(b) the share has previously been admitted to trading on a regulated market but the share is removed from trading on every regulated market which has so admitted it.

PreviousNext