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{{mifid2anat|28}} | |||
{{Tradevstransactionreporting}} | |||
'''Immediate post-trade reporting''' is an obligation imposed by {{tag|MiFID}} under Art. {{eudirprov|28|MiFID}} is to be lovingly compared and contrasted with T+1 [[transaction reporting]], an obligation imposed by {{tag|MiFID}} under Art. {{eudirprov|25|MiFID}}. | |||
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. | 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. | ||
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In a {{nutshell}}: | In a {{nutshell}}: | ||
#Investment firms who execute, outside a {{tag|regulated market}} or {{tag|MTF}}, transactions in shares that are admitted 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: | |||
##specify how investment firms may comply with their reporting obligations under paragraph 1 including: | |||
###through the facilities of any {{tag|regulated market}} {{tag|MTF}} on which the share in question is traded; | |||
###through a third party; | |||
###through proprietary arrangements; | |||
##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. | |||
{{ | {{eudirprov|28|MiFID}} |