+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 Subject matter and scope
---------+Article 1 1.
---------+Article 1 2.
---------+Article 1 3.
---------+Article 1 4.
---------+Article 1 4a.
---------+Article 1 5.
---------+Article 1 5a.
---------+Article 1 5b.
---------+Article 1 6.
---------+Article 1 7.
---------+Article 1 8.
---------+Article 1 9.
------+Article 2 Definitions
---------+Article 2 1.
---------+Article 2 2.
---------+Article 2 3.
---+TITLE II TRANSPARENCY FOR TRADING VENUES
------+CHAPTER 1 Transparency for equity instruments
---------+Article 3 Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
------------+Article 3 1.
------------+Article 3 2.
------------+Article 3 3.
---------+Article 4 Waivers for equity instruments
------------+Article 4 1.
------------+Article 4 2.
------------+Article 4 3.
------------+Article 4 4.
------------+Article 4 5.
------------+Article 4 6.
------------+Article 4 7.
---------+Article 5 Volume cap
------------+Article 5 1.
------------+Article 5 4.
------------+Article 5 7.
------------+Article 5 8.
------------+Article 5 9.
------------+Article 5 10.
---------+Article 6 Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
------------+Article 6 1.
------------+Article 6 2.
---------+Article 7 Authorisation of deferred publication
------------+Article 7 1.
------------+Article 7 2.
------+CHAPTER 2 Transparency for non-equity instruments
---------+Article 8 Pre-trade transparency requirements for trading venues in respect of bonds, structured finance products and emission allowances
------------+Article 8 1.
------------+Article 8 2.
---------+Article 8a Pre-trade transparency requirements for trading venues in respect of derivatives
------------+Article 8a 1.
------------+Article 8a 2.
------------+Article 8a 3.
------------+Article 8a 4.
---------+Article 8b Pre-trade transparency requirements for trading venues in respect of package orders
------------+Article 8b 1.
------------+Article 8b 2.
---------+Article 9 Waivers for bonds, structured finance products, emission allowances, derivatives and package orders
------------+Article 9 1.
------------+Article 9 2.
------------+Article 9 2a.
------------+Article 9 3.
------------+Article 9 4.
------------+Article 9 5.
------------+Article 9 6.
---------+Article 10 Post-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivatives
------------+Article 10 1.
------------+Article 10 2.
------------+Article 10 3.
---------+Article 11 Deferred publication in respect of bonds, structured finance products or emission allowances
------------+Article 11 1.
------------+Article 11 1a.
------------+Article 11 1b.
------------+Article 11 2.
------------+Article 11 3.
------------+Article 11 4.
---------+Article 11a Deferred publication in respect of derivatives
------------+Article 11a 1.
------------+Article 11a 2.
------------+Article 11a 3.
------+CHAPTER 3 Obligation to offer trade data on a separate and reasonable commercial basis
---------+Article 12 Obligation to make pre-trade and post-trade data available separately
------------+Article 12 1.
------------+Article 12 2.
---------+Article 13 Obligation to make pre-trade and post-trade data available on a reasonable commercial basis
------------+Article 13 1.
------------+Article 13 2.
------------+Article 13 3.
------------+Article 13 4.
------------+Article 13 5.
---+TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS
------+Article 14 Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
---------+Article 14 1.
---------+Article 14 2.
---------+Article 14 3.
---------+Article 14 4.
---------+Article 14 5.
---------+Article 14 6.
---------+Article 14 7.
------+Article 15 Execution of client orders
---------+Article 15 1.
---------+Article 15 2.
---------+Article 15 3.
---------+Article 15 4.
---------+Article 15 5.
------+Article 16 Obligations of competent authorities
------+Article 17 Access to quotes
---------+Article 17 1.
---------+Article 17 2.
---------+Article 17 3.
------+Article 17a Tick sizes
---------+Article 17a 1.
---------+Article 17a 2.
------+Article 20 Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
---------+Article 20 1.
---------+Article 20 1a.
---------+Article 20 2.
---------+Article 20 3.
------+Article 21 Post-trade disclosure by investment firms in respect of bonds, structured finance products, emission allowances and derivatives
---------+Article 21 1.
---------+Article 21 2.
---------+Article 21 3.
---------+Article 21 4.
---------+Article 21 4a.
---------+Article 21 5.
------+Article 21a Designated publishing entities
---------+Article 21a 1.
---------+Article 21a 2.
---------+Article 21a 3.
---------+Article 21a 4.
------+Article 22 Providing information for the purposes of transparency and other calculations
---------+Article 22 1.
---------+Article 22 2.
---------+Article 22 3.
------+Article 22a Transmission of data to the CTP
---------+Article 22a 1.
---------+Article 22a 2.
---------+Article 22a 3.
---------+Article 22a 4.
---------+Article 22a 5.
---------+Article 22a 6.
---------+Article 22a 7.
---------+Article 22a 8.
------+Article 22b Data quality
---------+Article 22b 1.
---------+Article 22b 2.
---------+Article 22b 3.
------+Article 22c Synchronisation of business clocks
---------+Article 22c 1.
---------+Article 22c 2.
------+Article 23 Trading obligation for investment firms
---------+Article 23 1.
---------+Article 23 2.
---------+Article 23 3.
------+Article 23a Accessibility of information on the European single access point
---+TITLE IV TRANSACTION REPORTING
------+Article 24 Obligation to uphold integrity of markets
------+Article 25 Obligation to maintain records
---------+Article 25 1.
---------+Article 25 2.
---------+Article 25 3.
------+Article 26 Obligation to report transactions
---------+Article 26 1.
---------+Article 26 2.
---------+Article 26 3.
---------+Article 26 4.
---------+Article 26 5.
---------+Article 26 6.
---------+Article 26 7.
---------+Article 26 8.
---------+Article 26 9.
---------+Article 26 10.
---------+Article 26 11.
------+Article 27 Obligation to supply financial instrument reference data
---------+Article 27 1.
---------+Article 27 2.
---------+Article 27 3.
---------+Article 27 4.
---------+Article 27 5.
---+TITLE IVa DATA REPORTING SERVICES
------+CHAPTER 1 Authorisation of data reporting services providers
---------+Article 27a
---------+Article 27b Requirement for authorisation
------------+Article 27b 1.
------------+Article 27b 2.
------------+Article 27b 3.
------------+Article 27b 4.
---------+Article 27c Authorisation of data reporting services providers
------------+Article 27c 1.
------------+Article 27c 2.
------------+Article 27c 3.
------------+Article 27c 4.
---------+Article 27d Procedures for granting and refusing applications for authorisation of ARMs and APAs
------------+Article 27d 1.
------------+Article 27d 2.
------------+Article 27d 3.
------------+Article 27d 4.
------------+Article 27d 5.
---------+Article 27da Procedure for the selection of a single CTP for each asset class
------------+Article 27da 1.
------------+Article 27da 2.
------------+Article 27da 3.
------------+Article 27da 4.
------------+Article 27da 5.
---------+Article 27db Procedures for granting and refusing applications for authorisation of CTPs
------------+Article 27db 1.
------------+Article 27db 2.
------------+Article 27db 3.
------------+Article 27db 4.
------------+Article 27db 5.
------------+Article 27db 6.
------------+Article 27db 7.
------------+Article 27db 8.
---------+Article 27e Withdrawal of authorisation
------------+Article 27e 1.
------------+Article 27e 2.
------------+Article 27e 3.
---------+Article 27f Requirements for the management body of a data reporting services provider
------------+Article 27f 1.
------------+Article 27f 2.
------------+Article 27f 3.
------------+Article 27f 4.
------------+Article 27f 5.
------+CHAPTER 2 Conditions for APAs, CTPs and ARMs
---------+Article 27g Organisational requirements for APAs
------------+Article 27g 1.
------------+Article 27g 2.
------------+Article 27g 3.
------------+Article 27g 4.
------------+Article 27g 4a.
------------+Article 27g 4b.
------------+Article 27g 5.
------------+Article 27g 6.
------------+Article 27g 8.
---------+Article 27h Organisational requirements for CTPs
------------+Article 27h 1.
------------+Article 27h 2.
------------+Article 27h 3.
------------+Article 27h 4.
------------+Article 27h 5.
------------+Article 27h 6.
------------+Article 27h 7.
------------+Article 27h 8.
---------+Article 27ha Reporting obligations for CTPs
------------+Article 27ha 1.
------------+Article 27ha 2.
------------+Article 27ha 3.
---------+Article 27i Organisational requirements for ARMs
------------+Article 27i 1.
------------+Article 27i 2.
------------+Article 27i 3.
------------+Article 27i 4.
------------+Article 27i 4a.
------------+Article 27i 4b.
------------+Article 27i 5.
---+TITLE V DERIVATIVES
------+Article 28 Obligation to trade on regulated markets, MTFs or OTFs
---------+Article 28 1.
---------+Article 28 2.
---------+Article 28 2a.
---------+Article 28 3.
---------+Article 28 4.
---------+Article 28 5.
------+Article 29 Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing
---------+Article 29 1.
---------+Article 29 2.
---------+Article 29 3.
------+Article 30 Indirect Clearing Arrangements
---------+Article 30 1.
---------+Article 30 2.
------+Article 31 Post-trade risk reduction services
---------+Article 31 1.
---------+Article 31 3.
---------+Article 31 4.
------+Article 32 Trading obligation procedure
---------+Article 32 1.
---------+Article 32 2.
---------+Article 32 3.
---------+Article 32 4.
---------+Article 32 4a.
---------+Article 32 4b.
---------+Article 32 4c.
---------+Article 32 4d.
---------+Article 32 5.
---------+Article 32 6.
------+Article 32a Stand-alone suspension of the trading obligation
---------+Article 32a 1.
---------+Article 32a 2.
---------+Article 32a 3.
---------+Article 32a 4.
---------+Article 32a 5.
---------+Article 32a 6.
------+Article 33 Mechanism to avoid duplicative or conflicting rules
---------+Article 33 1.
---------+Article 33 2.
---------+Article 33 3.
---------+Article 33 4.
------+Article 34 Register of derivatives subject to the trading obligation
---+TITLE VI NON-DISCRIMINATORY CLEARING ACCESS FOR FINANCIAL INSTRUMENTS
------+Article 35 Non-discriminatory access to a CCP
---------+Article 35 1.
---------+Article 35 2.
---------+Article 35 3.
---------+Article 35 4.
---------+Article 35 5.
---------+Article 35 6.
------+Article 36 Non-discriminatory access to a trading venue
---------+Article 36 1.
---------+Article 36 2.
---------+Article 36 3.
---------+Article 36 4.
---------+Article 36 6.
------+Article 37 Non-discriminatory access to and obligation to licence benchmarks
---------+Article 37 1.
---------+Article 37 2.
---------+Article 37 3.
---------+Article 37 4.
------+Article 38 Access for third-country CCPs and trading venues
---------+Article 38 1.
---------+Article 38 2.
---------+Article 38 3.
---+TITLE VIa ESMA POWERS AND COMPETENCES
------+CHAPTER 1 Competences and procedures
---------+Article 38a Exercise of ESMA’s powers
---------+Article 38b Request for information
------------+Article 38b 1.
------------+Article 38b 2.
------------+Article 38b 3.
------------+Article 38b 4.
------------+Article 38b 5.
---------+Article 38c General investigations
------------+Article 38c 1.
------------+Article 38c 2.
------------+Article 38c 3.
------------+Article 38c 4.
------------+Article 38c 5.
------------+Article 38c 6.
---------+Article 38d On-site inspections
------------+Article 38d 1.
------------+Article 38d 2.
------------+Article 38d 3.
------------+Article 38d 4.
------------+Article 38d 5.
------------+Article 38d 6.
------------+Article 38d 7.
------------+Article 38d 8.
------------+Article 38d 9.
------------+Article 38d 10.
---------+Article 38e Exchange of information
---------+Article 38f Professional secrecy
---------+Article 38g Supervisory measures by ESMA
------------+Article 38g 1.
------------+Article 38g 2.
------------+Article 38g 3.
------+CHAPTER 2 Administrative sanctions and other administrative measures
---------+Article 38h Fines
------------+Article 38h 1.
------------+Article 38h 2.
------------+Article 38h 3.
---------+Article 38i Periodic penalty payments
------------+Article 38i 1.
------------+Article 38i 2.
------------+Article 38i 3.
------------+Article 38i 4.
---------+Article 38j Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
------------+Article 38j 1.
------------+Article 38j 2.
------------+Article 38j 3.
------------+Article 38j 4.
------------+Article 38j 5.
---------+Article 38k Procedural rules for taking supervisory measures and imposing fines
------------+Article 38k 1.
------------+Article 38k 2.
------------+Article 38k 3.
------------+Article 38k 4.
------------+Article 38k 5.
------------+Article 38k 6.
------------+Article 38k 7.
------------+Article 38k 8.
------------+Article 38k 9.
------------+Article 38k 10.
------------+Article 38k 11.
---------+Article 38l Hearing of the persons concerned
------------+Article 38l 1.
------------+Article 38l 2.
---------+Article 38m Review by the Court of Justice
---------+Article 38n Authorisation and supervisory fees
------------+Article 38n 1.
------------+Article 38n 2.
------------+Article 38n 3.
---------+Article 38o Delegation of tasks by ESMA to competent authorities
------------+Article 38o 1.
------------+Article 38o 2.
------------+Article 38o 3.
------------+Article 38o 4.
------------+Article 38o 5.
---+TITLE VII SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITIONS
------+CHAPTER 1 Product monitoring and intervention
---------+Article 39 Market monitoring
------------+Article 39 1.
------------+Article 39 2.
------------+Article 39 3.
---------+Article 39a Prohibition of receiving payment for order flow
------------+Article 39a 1.
------------+Article 39a 2.
---------+Article 40 ESMA temporary intervention powers
------------+Article 40 1.
------------+Article 40 2.
------------+Article 40 3.
------------+Article 40 4.
------------+Article 40 5.
------------+Article 40 6.
------------+Article 40 7.
------------+Article 40 8.
---------+Article 41 EBA temporary intervention powers
------------+Article 41 1.
------------+Article 41 2.
------------+Article 41 3.
------------+Article 41 4.
------------+Article 41 5.
------------+Article 41 6.
------------+Article 41 7.
------------+Article 41 8.
---------+Article 42 Product intervention by competent authorities
------------+Article 42 1.
------------+Article 42 2.
------------+Article 42 3.
------------+Article 42 4.
------------+Article 42 5.
------------+Article 42 6.
------------+Article 42 7.
---------+Article 43 Coordination by ESMA and EBA
------------+Article 43 1.
------------+Article 43 2.
------------+Article 43 3.
------+CHAPTER 2 Positions
---------+Article 44 Coordination of national position management measures and position limits by ESMA
------------+Article 44 1.
------------+Article 44 2.
---------+Article 45 Position management powers of ESMA
------------+Article 45 1.
------------+Article 45 2.
------------+Article 45 3.
------------+Article 45 4.
------------+Article 45 5.
------------+Article 45 6.
------------+Article 45 7.
------------+Article 45 8.
------------+Article 45 9.
------------+Article 45 10.
---+TITLE VIII PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DECISION WITH OR WITHOUT A BRANCH
------+Article 46 General provisions
---------+Article 46 1.
---------+Article 46 2.
---------+Article 46 3.
---------+Article 46 4.
---------+Article 46 5.
---------+Article 46 6.
---------+Article 46 6a.
---------+Article 46 6b.
---------+Article 46 6c.
---------+Article 46 7.
---------+Article 46 8.
------+Article 47 Equivalence decision
---------+Article 47 1.
---------+Article 47 1a.
---------+Article 47 1b.
---------+Article 47 2.
---------+Article 47 3.
---------+Article 47 4.
---------+Article 47 5.
---------+Article 47 6.
------+Article 48 Register
------+Article 49 Measures to be taken by ESMA
---------+Article 49 1.
---------+Article 49 2.
---------+Article 49 3.
---+TITLE IX DELEGATED AND IMPLEMENTING ACTS
------+CHAPTER 1 Delegated acts
---------+Article 50 Exercise of the delegation
------------+Article 50 1.
------------+Article 50 2.
------------+Article 50 3.
------------+Article 50 4.
------------+Article 50 5.
------+CHAPTER 2 Implementing acts
---------+Article 51 Committee procedure
------------+Article 51 1.
------------+Article 51 2.
---+TITLE X FINAL PROVISIONS
------+Article 52 Reports and review
---------+Article 52 1.
---------+Article 52 2.
---------+Article 52 3.
---------+Article 52 4.
---------+Article 52 5.
---------+Article 52 6.
---------+Article 52 7.
---------+Article 52 8.
---------+Article 52 9.
---------+Article 52 10.
---------+Article 52 14.
---------+Article 52 14a.
---------+Article 52 14b.
---------+Article 52 14c.
---------+Article 52 15.
------+Article 53 Amendment of Regulation (EU) No 648/2012
------+Article 54 Transitional provisions
---------+Article 54 1.
---------+Article 54 3.
------+Article 54a Transitional measures related to ESMA
---------+Article 54a 1.
---------+Article 54a 2.
---------+Article 54a 3.
---------+Article 54a 4.
---------+Article 54a 5.
------+Article 54b Relations with auditors
---------+Article 54b 1.
---------+Article 54b 2.
------+Article 55 Entry into force and application
 English - European Union - Financial Industry - Capital Markets -

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)

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)

This Regulation shall be binding in its entirety and directly applicable in all Member States.

1. Panoramica

,
TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS
TITLE II TRANSPARENCY FOR TRADING VENUES TITLE II TRANSPARENCY FOR TRADING VENUES
TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS
TITLE IV TRANSACTION REPORTING TITLE IV TRANSACTION REPORTING
TITLE IVa DATA REPORTING SERVICES TITLE IVa DATA REPORTING SERVICES
TITLE V DERIVATIVES TITLE V DERIVATIVES
TITLE VI NON-DISCRIMINATORY CLEARING ACCESS FOR FINANCIAL INSTRUMENTS TITLE VI NON-DISCRIMINATORY CLEARING ACCESS FOR FINANCIAL INSTRUMENTS
TITLE VIa ESMA POWERS AND COMPETENCES TITLE VIa ESMA POWERS AND COMPETENCES
TITLE VII SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITIONS TITLE VII SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITIONS
TITLE VIII PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DECISION WITH OR WITHOUT A BRANCH TITLE VIII PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DECISION WITH OR WITHOUT A BRANCH
TITLE IX DELEGATED AND IMPLEMENTING ACTS TITLE IX DELEGATED AND IMPLEMENTING ACTS
TITLE X FINAL PROVISIONS TITLE X FINAL PROVISIONS

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard

Ticket collegati

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is related to Imported: Markets in Financial Instruments Regulation (MiFIR) (CELEX:02014R0600-20251123)
is related to Assignments added: Markets in Financial Instruments Regulation (MiFIR) (CELEX:02014R0600-20251123) – 1 assignments