# 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 24: (Article 27(1) of Directive 2004/39/EC)Quotes reflecting prevailing market conditions

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

A systematic internaliser shall, for each liquid share for which it is a systematic internaliser, maintain the following:
(a) a quote or quotes which are close in price to comparable quotes for the same share in other trading venues;
(b) a record of its quoted prices, which it shall retain for a period of 12 months or such longer period as it considers appropriate.
The obligation laid down in point (b) is without prejudice to the obligation of the investment firm under Article 25(2) of Directive 2004/39/EC to keep at the disposal of the competent authority for at least five years the relevant data relating to all transactions it has carried out.

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Source: https://www.legislation.gov.uk/eur/2006/1287/article/24 (the official version)
Page: https://openlegislation.uk/eu-regulation-2006-1287/article-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.