1. The FCA shall be able to waive the obligation for market operators and investment firms operating a trading venue to make public the information referred to in Article 8(1) for:
(a) orders that are large in scale compared with normal market size and orders held in an order management facility of the trading venue pending disclosure;
(b) actionable indications of interest in request-for-quote and voice trading systems that are above a size specific to the financial instrument, which would expose liquidity providers to undue risk and takes into account whether the relevant market participants are retail or wholesale investors;
(c) derivatives which are not subject to the trading obligation specified in Article 28 and other financial instruments for which there is not a liquid market.
(d) orders for the purpose of executing an exchange for physical;
(e) package orders that meet one of the following conditions:
(i) at least one of its components is a financial instrument for which there
…