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EU · MiFIR · TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS

Article 16 MiFIRObligations of competent authorities

In force
Read the official text on EUR-Lex(opens in a new tab)
AI-generated What this provision does

Requires competent authorities to check that systematic internalisers comply with the conditions for publishing quotes and executing orders, and for price improvement, in Article 15(1) and (2).

Amendments and application dates

Amending actChangeApplies from
Regulation (EU) 2024/791Provision replaced28 Mar 2024

Level 3: ESMA Q&As, guidelines and opinions

  • Q&AAnsweredESMA rulebook
    ESMA_QA_1588: Quoting obligation for SI in non-TOTV instruments
    ESMA · 16 Oct 2024 · the ESMA website

    AI summaryThe quoting obligations in Articles 14 to 17a MiFIR apply only to instruments traded on a trading venue, so systematic internalisers in other instruments are not subject to them but must still notify their competent authority, and must monitor whether an instrument becomes traded on a venue.

  • Q&ALegacy Q&A documentESMA rulebook
    ESMA70-1562901-35: Questions and Answers On MiFID II and MiFIR transparency topics
    ESMA · the ESMA website

    AI summaryESMA's consolidated legacy Q&A document on MiFID II and MiFIR transparency (final version 27 October 2023, printed with the reference ESMA70-1562901-35), covering equity and non-equity transparency, pre-trade waivers, the double volume cap, the systematic internaliser regime, data reporting services providers and third-country issues. It is no longer updated; later Q&As are in ESMA's Q&A tool.

Commentary

No law-firm commentary is linked to this provision yet.

219 more documents relate to MiFIR as a whole without naming an article.

UK counterpart

  • Article 16 UK MiFIR · Obligations of competent authorities
    UK MiFIR

    Revocation enacted by Financial Services and Markets Act 2023; no commencement date yet.

    DivergedExplicit reference

    EU changes after exit: Regulation (EU) 2024/791 (from 28 Mar 2024). UK revocation enacted (Financial Services and Markets Act 2023), not yet commenced.

Version history

  1. From 28 Mar 2024
  2. From 2 Jul 2014 to 28 Mar 2024

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.