EU · MiFIR · TITLE II TRANSPARENCY FOR TRADING VENUES · CHAPTER 2 Transparency for non-equity instruments
Article 8b MiFIRPre-trade transparency requirements for trading venues in respect of package orders
Introduced by the 2024 MiFIR review: trading venues operating a central limit order book or periodic auction must publish bids, offers and depth for package orders made up of bonds, structured finance products, emission allowances or derivatives, continuously during trading hours and calibrated by trading system.
Amendments and application dates
| Amending act | Change | Applies from |
|---|---|---|
| Regulation (EU) 2024/791 | Provision inserted | 28 Mar 2024 |
Level 3: ESMA Q&As, guidelines and opinions
- OpinionPublishedESMA rulebook
AI summaryESMA opinion of 16 October 2024 (ESMA70-155-6641) summarising the positions behind its opinions on national authorities' pre-trade transparency waivers under Articles 4 and 9 MiFIR, such as reference price, negotiated transaction, large-in-scale and order management facility waivers and how different trading systems qualify; it adds no new guidance and also covers the treatment of subscription rights.
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
- No UK counterpartExplicit reference
Inserted in the EU by Regulation (EU) 2024/791 (from 28 Mar 2024), after exit.
Version history
- From 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.