+Article 9 1.

Article 9 1.

►M8  Competent authorities shall be able to waive the obligation for market operators and investment firms operating a trading venue to make public the information referred to in Article 8(1), Article 8a(1) and (2) and Article 8b(1) for: ◄

(a) 

orders that are large in scale compared with normal market size and orders held in an order management facility of the trading venue pending disclosure;

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(c) 

OTC derivatives which are not subject to the trading obligation as referred to in Article 28 and for which there is not a liquid market, and other financial instruments for which there is not a liquid market;

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(d) 

orders for the purpose of executing an exchange for physical;

(e) 

package orders that meet one of the following conditions:

(i) 

at least one of its components is a financial instrument for which there is not a liquid market, unless there is a liquid market for the package order as a whole;

(ii) 

at least one of its components is large in scale compared with the normal market size, unless there is a liquid market for the package order as a whole.

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▼B

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards