Regulation 600/2014 | judict

Metadata

In force since 02/07/2014

Version from: 01/01/2022

Legal basis:

TFEU (2012) - Article 114

TFEU (2012) - Article 294

Legal acts based on MiFIR

Search for ITS/RTS

Accompanying documents

Preparatory Material (1)

Procedure 2011/0296/COD

Documents of general relevance (1)

Nicht übernommene Q&As der ESAs

Published: 27/04/2021

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Updated 01/02/2023

MiFIR Tool Markets in Financial Instruments Regulation (MiFIR)

Markets in Financial Instruments Regulation (MiFIR)

Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance)

TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-2)Article 1 - Subject matter and scopeITS/RTSQ&A Article 2 - DefinitionsITS/RTSQ&A

TITLE II - TRANSPARENCY FOR TRADING VENUES (Article 3-13)

CHAPTER 1 - Transparency for equity instruments (Article 3-7)Article 3 - Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsQ&A Article 4 - Waivers for equity instrumentsITS/RTSQ&A Article 5 - Volume Cap MechanismITS/RTSQ&A Article 6 - Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsQ&A Article 7 - Authorisation of deferred publicationITS/RTSQ&A

CHAPTER 2 - Transparency for non-equity instruments (Article 8-11)Article 8 - Pre-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivativesQ&A Article 9 - Waivers for non-equity instrumentsITS/RTSQ&A Article 10 - Post-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivativesQ&A Article 11 - Authorisation of deferred publicationITS/RTSQ&A

CHAPTER 3 - Obligation to offer trade data on a separate and reasonable commercial basis (Article 12-13)Article 12 - Obligation to make pre-trade and post-trade data available separatelyITS/RTSQ&A Article 13 - Obligation to make pre-trade and post-trade data available on a reasonable commercial basisITS/RTSQ&AGL

TITLE III - TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS (Article 14-23)Article 14 - Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsITS/RTSQ&A Article 15 - Execution of client ordersITS/RTSQ&AGL Article 16 - Obligations of competent authoritiesQ&A Article 17 - Access to quotesITS/RTSQ&A Article 17a - Tick sizesQ&A Article 18 - Obligation for systematic internalisers to make public firm quotes in respect of bonds, structured finance products, emission allowances and derivativesQ&AGL Article 19 - Monitoring by ESMAITS/RTSQ&A Article 20 - Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instrumentsITS/RTSQ&A Article 21 - Post-trade disclosure by investment firms, including systematic internalisers, in respect of bonds, structured finance products, emission allowances and derivativesITS/RTSQ&A Article 22 - Providing information for the purposes of transparency and other calculationsITS/RTSQ&A Article 23 - Trading obligation for investment firmsITS/RTSQ&A

TITLE IV - TRANSACTION REPORTING (Article 24-27)Article 24 - Obligation to uphold integrity of markets Article 25 - Obligation to maintain recordsITS/RTSQ&AGL Article 26 - Obligation to report transactionsITS/RTSQ&AGL Article 27 - Obligation to supply financial instrument reference dataITS/RTSQ&A

TITLE IVa - DATA REPORTING SERVICES (Article 27a-27i)

CHAPTER 1 - Authorisation of data reporting services providers (Article 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 Article 27e - Withdrawal of authorisation Article 27f - Requirements for the management body of a data reporting services providerGL

CHAPTER 2 - Conditions for APAs, CTPs and ARMs (Article 27g-27i)Article 27g - Organisational requirements for APAsGL Article 27h - Organisational requirements for CTPsGL Article 27i - Organisational requirements for ARMsGL

TITLE V - DERIVATIVES (Article 28-34)Article 28 - Obligation to trade on regulated markets, MTFs or OTFsITS/RTSQ&A Article 29 - Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearingITS/RTSQ&A Article 30 - Indirect Clearing ArrangementsITS/RTS Article 31 - Portfolio CompressionITS/RTS Article 32 - Trading obligation procedureITS/RTS 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 (Article 35-38)Article 35 - Non-discriminatory access to a CCPITS/RTSGL Article 36 - Non-discriminatory access to a trading venueITS/RTSQ&AGL Article 37 - Non-discriminatory access to and obligation to licence benchmarksITS/RTS Article 38 - Access for third-country CCPs and trading venuesQ&A

TITLE VIa - ESMA POWERS AND COMPETENCES (Article 38a-38o)

CHAPTER 1 - Competences and procedures (Article 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 (Article 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 finesITS/RTS Article 38l - Hearing of the persons concerned Article 38m - Review by the Court of Justice Article 38n - Authorisation and supervisory feesITS/RTS Article 38o - Delegation of tasks by ESMA to competent authorities

TITLE VII - SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITIONS (Article 39-45)

CHAPTER 1 - Product monitoring and intervention (Article 39-43)Article 39 - Market monitoring Article 40 - ESMA temporary intervention powersITS/RTSQ&A Article 41 - EBA temporary intervention powersITS/RTS Article 42 - Product intervention by competent authoritiesITS/RTSQ&A Article 43 - Coordination by ESMA and EBA

CHAPTER 2 - Positions (Article 44-45)Article 44 - Coordination of national position management measures and position limits by ESMA Article 45 - Position management powers of ESMAITS/RTS

TITLE VIII - PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DECISION WITH OR WITHOUT A BRANCH (Article 46-49)Article 46 - General provisionsITS/RTSQ&A Article 47 - Equivalence decision Article 48 - Register Article 49 - Measures to be taken by ESMA

TITLE IX - DELEGATED AND IMPLEMENTING ACTS (Article 50-51)

CHAPTER 1 - Delegated acts (Article 50)Article 50 - Exercise of the delegation

CHAPTER 2 - Implementing acts (Article 51)Article 51 - Committee procedure

TITLE X - FINAL PROVISIONS (Article 52-55)Article 52 - Reports and review Article 53 - Amendment of Regulation (EU) No 648/2012 Article 54 - Transitional provisionsQ&A Article 54a - Transitional measures related to ESMA Article 54b - Relations with auditors Article 55 - Entry into force and application

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