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Commission Delegated Regulation (EU) 2017/567Show full title

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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  1. Introductory Text

  2. CHAPTER I DETERMINING LIQUID MARKETS FOR EQUITY INSTRUMENTS

    1. Article 1.Determining liquid markets for shares(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)

    2. Article 2.Determining liquid markets for depositary receipts(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)

    3. Article 3.Determining liquid markets for exchange traded funds(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)

    4. Article 4.Determining liquid markets for certificates(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)

    5. Article 5.Assessment of liquidity of equity instruments by the competent authorities(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)

  3. CHAPTER II DATA PROVISION OBLIGATIONS FOR TRADING VENUES AND SYSTEMATIC INTERNALISERS

    1. Article 6.Obligation to provide market data on a reasonable commercial basis(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)

    2. Article 7.Obligation to provide market data on the basis of cost(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)

    3. Article 8.Obligation to provide market data on a non-discriminatory basis(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)

    4. Article 9.Obligations in relation to per user fees(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)

    5. Article 10.Obligation to keep data unbundled and to disaggregate market data(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)

    6. Article 11.Transparency obligation(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)

  4. CHAPTER III DATA PUBLICATION OBLIGATIONS FOR SYSTEMATIC INTERNALISERS

    1. Article 12.Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours(Article 15(1) of Regulation (EU) No 600/2014)

    2. Article 13.Obligation for systematic internalisers to make quotes easily accessible(Article 15(1) of Regulation (EU) No 600/2014)

    3. Article 14.Execution of orders by systematic internalisers(Article 15(1), 15(2) and 15(3) of Regulation (EU) No 600/2014)

    4. Article 15.Orders considerably exceeding the norm(Article 17(2) of Regulation (EU) No 600/2014)

    5. Article 16.Size specific to the instrument(Article 18(6) of Regulation (EU) No 600/2014)

  5. CHAPTER IV DERIVATIVES

    1. Article 17.Elements of Portfolio compression(Article 31(4) of Regulation (EU) No 600/2014)

    2. Article 18.Publication requirements for Portfolio compression(Article 31(4) of Regulation (EU) No 600/2014)

  6. CHAPTER V SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITION MANAGEMENT

    1. SECTION 1 Product intervention

      1. Article 19.Criteria and factors for the purposes of ESMA temporary product intervention powers(Article 40(2) of Regulation (EU) No 600/2014)

      2. Article 20.Criteria and factors for the purposes of EBA temporary product intervention powers(Article 41(2) of Regulation (EU) No 600/2014)

      3. Article 21.Criteria and factors to be taken into account by competent authorities for the purposes of product intervention powers(Article 42(2) of Regulation (EU) No 600/2014)

    2. SECTION 2 Position management powers

      1. Article 22.Position management powers of ESMA(Article 45 of Regulation (EU) No 600/2014)

  7. CHAPTER VI FINAL PROVISIONS

    1. Article 23.Transitional provisions

    2. Article 24.Entry into Force

  8. Signature

    1. ANNEX

      Data to be provided for the purpose of determining a liquid market for shares, depositary receipts, exchange-traded funds and certificates

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