Info
🔗 Back to Summary. 🇫🇷 French Version: 2017R0584_FR.22. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 21 – Pre-determination of the conditions to provide direct electronic access ⬅️ | ➡️ Article 23 – Security and limits to access
Références LVL1 <=> LVL2
Level 1 reference(s): 2014L0065_EN.48 > 7
Article 22 - Specific requirements for trading venues permitting sponsored access
1.
Trading venues shall make the provision of sponsored access subject to their authorisation and shall require that firms having sponsored access are subject to at least the same controls as those referred to in Article 18(3)(b).
2.
Trading venues shall ensure that sponsored access providers are at all times exclusively entitled to set or modify the parameters that apply to the controls referred to in paragraph 1 over the order flow of their sponsored access clients.
3.
Trading venues shall be able to suspend or withdraw the provision of sponsored access to clients having infringed Directive 2014/65/EU, Regulations of the European Parliament and of the Council (EU) No 600/2014
and (EU) No 596/2014
or the trading venue’s internal rules.