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Section 1 Pre-trade transparency for regulated markets and MTFs (arts. 17-20) |
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Article 17 Pre-trade transparency obligations |
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Article 18 Waivers based on market model and type of order or transaction |
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Article 19 References to negotiated transaction |
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Article 20 Waivers in relation to transactions which are large in scale |
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Section 2 Pre-trade transparency for systematic internalisers (arts. 21-26) |
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Article 21 Criteria for determining whether an investment firm is a systematic internaliser |
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Article 22 Determination of liquid shares |
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Article 23 Standard market size |
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Article 24 Quotes ref lecting prevailing market conditions |
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Article 25 Execution of orders by systematic internalisers |
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Article 26 Retail size |
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Section 3 Post-trade transparency for regulated markets, MTFs and investment firms (arts. 27-28) |
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Article 27 Post-trade transparency obligation |
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Article 28 Deferred publication of large transactions |
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Section 4 Provisions common to pre- and post-trade transparency (arts. 29-34) |
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Article 29 Publication and availability of pre- and post-trade transparency data |
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Article 30 Public availability of pre- and post-trade information |
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Article 31 Disclosure of client limit orders |
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Article 32 Arrangements for making information public |
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Article 33 Calculations and estimates for shares admitted to trading on a regulated market |
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Article 34 Publication and effect of results of required calculations and estimates |
