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MiFIR In force since 3 January 2017

Regulation (EU) No 600/2014 on markets in financial instruments
32014R0600 · official text on EUR-Lex

Articles

• Article 1 — Subject matter and scope
• Article 2 — Definitions

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 4 — Waivers for equity instruments
• Article 5 — Volume Cap Mechanism
• Article 6 — Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
• Article 7 — Authorisation of deferred publication

Chapter 2 Transparency for non-equity instruments

• Article 8 — Pre-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivatives
• Article 9 — Waivers for non-equity instruments
• Article 10 — Post-trade transparency requirements for trading venues in respect of bonds, structured finance products, emission allowances and derivatives
• Article 11 — Authorisation of deferred publication

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 13 — Obligation to make pre-trade and post-trade data available on a reasonable commercial basis
• 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 15 — Execution of client orders
• Article 16 — Obligations of competent authorities
• Article 17 — Access to quotes
• Article 18 — Obligation for systematic internalisers to make public firm quotes in respect of bonds, structured finance products, emission allowances and derivatives
• Article 19 — Monitoring by ESMA
• 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 21 — Post-trade disclosure by investment firms, including systematic internalisers, in respect of bonds, structured finance products, emission allowances and derivatives
• Article 22 — Providing information for the purposes of transparency and other calculations
• Article 23 — Trading obligation for investment firms
• Article 24 — Obligation to uphold integrity of markets
• Article 25 — Obligation to maintain records
• Article 26 — Obligation to report transactions
• Article 27 — Obligation to supply financial instrument reference data
• Article 28 — Obligation to trade on regulated markets, MTFs or OTFs
• Article 29 — Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing
• Article 30 — Indirect Clearing Arrangements
• Article 31 — Portfolio Compression
• Article 32 — Trading obligation procedure
• Article 33 — Mechanism to avoid duplicative or conflicting rules
• Article 34 — Register of derivatives subject to the trading obligation
• Article 35 — Non-discriminatory access to a CCP
• Article 36 — Non-discriminatory access to a trading venue
• Article 37 — Non-discriminatory access to and obligation to licence benchmarks
• Article 38 — Access for third-country CCPs and trading venues

Chapter 1 Product monitoring and intervention

• Article 39 — Market monitoring
• Article 40 — ESMA temporary intervention powers
• Article 41 — EBA temporary intervention powers
• Article 42 — Product intervention by competent authorities
• Article 43 — Coordination by ESMA and EBA

Chapter 2 Positions

• Article 44 — Coordination of national position management measures and position limits by ESMA
• Article 45 — Position management powers of ESMA
• Article 46 — General provisions
• Article 47 — Equivalence decision
• Article 48 — Register
• Article 49 — Withdrawal of registration

Chapter 1 Delegated acts

• Article 50 — Exercise of the delegation

Chapter 2 Implementing acts

• Article 51 — Committee procedure
• Article 52 — Reports and review
• Article 53 — Amendment of Regulation (EU) No 648/2012
• Article 54 — Transitional provisions
• Article 55 — Entry into force and application