# Commission Regulation (EC) No 1287/2006 of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards record-keeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of that Directive (Text with EEA relevance), Article 19: (Articles 29(2) and 44(2) of Directive 2004/39/EC)References to negotiated transaction

Extent: E+W+S+N.I.

For the purpose of Article 18(1)(b) a negotiated transaction shall mean a transaction involving members or participants of a regulated market or an MTF which is negotiated privately but executed within the regulated market or MTF and where that member or participant in doing so undertakes one of the following tasks:
(a) dealing on own account with another member or participant who acts for the account of a client;
(b) dealing with another member or participant, where both are executing orders on own account;
(c) acting for the account of both the buyer and seller;
(d) acting for the account of the buyer, where another member or participant acts for the account of the seller;
(e) trading for own account against a client order.

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Source: https://www.legislation.gov.uk/eur/2006/1287/article/19 (the official version)
Page: https://openlegislation.uk/eu-regulation-2006-1287/article-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.