2017R0567 - Summary

COMMISSION DELEGATED REGULATION (EU) 2017/567 of 18 May 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions (Text with EEA relevance)

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🔗 Back to Summary. 🇫🇷 French Version: 2017R0567_FR.0. Back to Summary of LVL1. Direct link to EUR-LEX.

CHAPTER I - DETERMINING LIQUID MARKETS FOR EQUITY INSTRUMENTS

Article 1 - Determining liquid markets for shares
Article 2 - Determining liquid markets for depositary receipts
Article 3 - Determining liquid markets for exchange traded funds
Article 4 - Determining liquid markets for certificates
Article 4a - Determining liquid markets for other similar financial instruments
Article 5 - Assessment of liquidity of equity instruments by the competent authorities

CHAPTER II - DATA PROVISION OBLIGATIONS FOR TRADING VENUES AND SYSTEMATIC INTERNALISERS

Article 6 - Obligation to provide market data on a reasonable commercial basis
Article 7 - Obligation to provide market data on the basis of cost
Article 8 - Obligation to provide market data on a non-discriminatory basis
Article 9 - Obligations in relation to per user fees
Article 10 - Obligation to keep data unbundled and to disaggregate market data
Article 11 - Transparency obligation

CHAPTER III - DATA PUBLICATION OBLIGATIONS FOR SYSTEMATIC INTERNALISERS

Article 12 - Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours
Article 13 - Obligation for systematic internalisers to make quotes easily accessible
Article 14 - Execution of orders by systematic internalisers
Article 15 - Orders considerably exceeding the norm
Article 16a - Post-trade risk reduction services

CHAPTER IV - DERIVATIVES

Article 17 - Elements of Portfolio compression

CHAPTER V - SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITION MANAGEMENT

SECTION 1 - Product intervention

Article 19 - Criteria and factors for the purposes of ESMA temporary product intervention powers
Article 20 - Criteria and factors for the purposes of EBA temporary product intervention powers
Article 21 - Criteria and factors to be taken into account by competent authorities for the purposes of product intervention powers

SECTION 2 - Position management powers

Article 22 - Position management powers of ESMA

CHAPTER VI - FINAL PROVISIONS

Article 23 - Transitional provisions
Article 24 - Entry into Force

Annex I - Symbol table