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πŸ”— Back to Summary. πŸ‡«πŸ‡· French Version: 2016R0908_FR.9. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.

Article 8 – Investigation of the market practice ⬅️ | ➑️ Article 10 – Notification when intending to establish an accepted market practice

Article 9 - Structural characteristics of the market

In taking into account, in accordance with point (g) of 2014, the participation of retail-investors in the relevant market, competent authorities shall assess at a minimum:

(a)

the impact the market practice might have on retail investors’ interests where the market practice concerns financial instruments traded on markets in which retail investors participate;

(b)

whether the market practice increases the probability of retail investors to find counterparties in low-liquidity financial instruments, without increasing the risks borne by them.