What Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments - Article 28: Obligation for systematic internalisers to make public firm quotes requires
This article requires investment firms acting as systematic internalisers to make public firm quotes for liquid shares up to a standard market size and to execute client orders at those quoted prices under specified conditions.
Pillar: Banking & Global Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32014L0065
SHA-256 integrity: 55f35929bd3e79f7414e1b804ffa8538404c1ffec1f0d4c8f49de03b47f463f2
Primary Citations — 6 traced to source
- Article 28(1): Investment firms shall make public firm quotes in respect of those shares, depositary receipts, ETFs, certificates and other similar financial instruments for which they are systematic internalisers and for which there is a liquid market.
- Article 28(1): In the case of shares, depositary receipts, ETFs, certificates and other similar financial instruments for which there is not a liquid market, systematic internalisers shall disclose quotes to their clients on request.
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