UK Delegated Regulation (EU) 2017/567Commission Delegated Regulation (EU) 2017/567 of 18 May 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions (Text with EEA relevance)

1. Article A1 Interpretation

CHAPTER I: DETERMINING LIQUID MARKETS FOR EQUITY INSTRUMENTS

1. Article 1 Determining liquid markets for shares(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)
2. Article 2 Determining liquid markets for depositary receipts(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)
3. Article 3 Determining liquid markets for exchange traded funds(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)
4. Article 4 Determining liquid markets for certificates(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)
5. Article 5 Assessment of liquidity of equity instruments by the competent authorities(Article 2(1)(17)(b) of Regulation (EU) No 600/2014)

CHAPTER II: DATA PROVISION OBLIGATIONS FOR TRADING VENUES AND SYSTEMATIC INTERNALISERS

1. Article 6 Obligation to provide market data on a reasonable commercial basis(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) (revoked)
2. Article 7 Obligation to provide market data on the basis of cost(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) (revoked)
3. Article 8 Obligation to provide market data on a non-discriminatory basis(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) (revoked)
4. Article 9 Obligations in relation to per user fees(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) (revoked)
5. Article 10 Obligation to keep data unbundled and to disaggregate market data(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) (revoked)
6. Article 11 Transparency obligation(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014) (revoked)

CHAPTER III: DATA PUBLICATION OBLIGATIONS FOR SYSTEMATIC INTERNALISERS

1. Article 12 Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours(Article 15(1) of Regulation (EU) No 600/2014)
2. Article 13 Obligation for systematic internalisers to make quotes easily accessible(Article 15(1) of Regulation (EU) No 600/2014)
3. Article 14 Execution of orders by systematic internalisers(Article 15(1), 15(2) and 15(3) of Regulation (EU) No 600/2014)
4. Article 15 Orders considerably exceeding the norm(Article 17(2) of Regulation (EU) No 600/2014)
5. Article 16 Size specific to the instrument(Article 18(6) of Regulation (EU) No 600/2014) (revoked)

CHAPTER IV: DERIVATIVES

1. Article 17 Elements of Portfolio compression(Article 31(4) of Regulation (EU) No 600/2014) (revoked)
2. Article 18 Publication requirements for Portfolio compression(Article 31(4) of Regulation (EU) No 600/2014) (revoked)

CHAPTER V: SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITION MANAGEMENT

SECTION 1: Product intervention

1. Article 19 Criteria and factors for the purposes of ESMA temporary product intervention powers(Article 40(2) of Regulation (EU) No 600/2014) (revoked)
2. Article 20 Criteria and factors for the purposes of EBA temporary product intervention powers(Article 41(2) of Regulation (EU) No 600/2014) (revoked)
3. Article 21 Criteria and factors to be taken into account by the FCA for the purposes of product intervention powers(Article 42(2) of Regulation (EU) No 600/2014)

SECTION 2: Position management powers

1. Article 22 Position management powers of ESMA(Article 45 of Regulation (EU) No 600/2014) (revoked)

CHAPTER VI: FINAL PROVISIONS

1. Article 23 Transitional provisions
2. Article 24 Entry into Force

1. Annex Data to be provided for the purpose of determining a liquid market for shares, depositary receipts, exchange-traded funds and certificates