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Dealing on own account: Difference between revisions
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:— those persons do not apply a high-frequency algorithmic trading technique, and | :— those persons do not apply a high-frequency algorithmic trading technique, and | ||
:— those persons report upon request to the competent authority the basis on which they have assessed that their activity under points (i) and (ii) is ancillary to their main business}} | :— those persons report upon request to the competent authority the basis on which they have assessed that their activity under points (i) and (ii) is ancillary to their main business}} | ||
{{subtable| | {{subtable|<big>The [[de minimis threshold test]]</big><ref>Art 2(1)(a) of MiFID 2 RTS 20 at https://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX%3A32021R1833</ref><br> | ||
2(1). The activities of persons referred to in Article 1 shall be considered to be ancillary to the main business at group level where they comply with any of the following conditions: | 2(1). The activities of persons referred to in Article 1 shall be considered to be ancillary to the main business at group level where they comply with any of the following conditions: | ||
:(a) the net outstanding notional exposure in commodity derivatives for cash settlement or [[emission allowances]] or derivatives thereof for cash settlement traded in the Union calculated in accordance with Article 3, excluding commodity derivatives or [[emission allowances]] or derivatives thereof traded on a trading venue, is below an annual threshold of EUR 3 billion ([[de minimis threshold test|De-Minimis Threshold Test]]); [...] <br> | :(a) the net outstanding notional exposure in commodity derivatives for cash settlement or [[emission allowances]] or derivatives thereof for cash settlement traded in the Union calculated in accordance with Article 3, excluding commodity derivatives or [[emission allowances]] or derivatives thereof traded on a trading venue, is below an annual threshold of EUR 3 billion ([[de minimis threshold test|De-Minimis Threshold Test]]); [...] <br> | ||