Trade reporting: Difference between revisions

Trade reporting (view source)

Revision as of 14:27, 9 March 2015

1,253 bytes added , 9 March 2015

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

83,357

edits

@@ Line 3: / Line 3: @@
 A firm must make public specified information about transactions in shares admitted to trading on a regulated market outside a {{tag|regulated market}} or {{tag|MTF}}. Typically this must be done within 3 minutes of the transaction taking place. Deferred publication is however permitted for very large trades.
+In a {{nutshell}}:
+{{box|
+. investment firms who execute, outside a {{tag|regulated market}} or {{tag|MTF}}, transactions in shares that are adminted to trading on a {{tag|regulated market}}, must publish the volume and price of those transactions and the time at which they were concluded as close to real-time as possible, in a way which is easily accessible to other market participants.
+. This must happen in accordance with Article {{eudirprov|45|MiFID}}. Article {{eudirprov|45|MiFID}}'s provisions allowing for deferred reporting for certain transaction types applies mutatis mutandis where those trades are undertaken outside regulated markets or MTFs.
+. The Commission shall:
+:(a) specify how investment firms may comply with their reporting obligations under paragraph 1 including:
+::(i) through the facilities of any {{tag|regulated market}} {{tag|MTF}} on which the share in question is traded;
+::(ii) through a third party;
+::(iii) through proprietary arrangements;
+:(b) clarify the application of the obligation under paragraph 1 to transactions involving the use of shares for collateral, lending or other purposes where the exchange of shares is determined by factors other than the current market valuation of the share.
+}}