{
  "url": "https://openlegislation.uk/eu-regulation-2014-600",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-600.json",
  "id": "eur/2014/600",
  "title": "Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance)",
  "short_title": "Regulation (EU) No 600/2014 on markets in financial instruments",
  "long_title": "Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance)",
  "citation": "EU Regulation No 600/2014",
  "type": "eur",
  "year": "2014",
  "number": "600",
  "version": "current",
  "date": "2014-05-15",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 53,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/I",
      "kind": "title",
      "number": "I",
      "heading": "SUBJECT MATTER, SCOPE AND DEFINITIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Subject matter and scope",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "title/II",
      "kind": "title",
      "number": "II",
      "heading": "TRANSPARENCY FOR TRADING VENUES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/II/chapter/1",
      "kind": "chapter",
      "number": "1",
      "heading": "Transparency for equity instruments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/1"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Waivers for equity instruments",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/II/chapter/1"
    },
    {
      "path": "article/4a",
      "kind": "article",
      "number": "4a",
      "heading": "Suspension of waivers",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-4a",
      "extent": null,
      "status": "repealed",
      "parent": "title/II/chapter/1"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Volume Cap Mechanism",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/II/chapter/1"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Post-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/1"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Authorisation of deferred publication",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/1"
    },
    {
      "path": "title/II/chapter/2",
      "kind": "chapter",
      "number": "2",
      "heading": "Transparency for non-equity instruments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Pre-trade transparency requirements for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/2"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Article 8: waivers or suspensions for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/2"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Post-trade transparency requirements for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/2"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Article 10: deferrals and suspensions for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/2"
    },
    {
      "path": "title/II/chapter/3",
      "kind": "chapter",
      "number": "3",
      "heading": "Obligation to offer trade data on a separate and reasonable commercial basis",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Obligation to make pre-trade and post-trade data available separately",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/3"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Obligation to make pre-trade and post-trade data available on a reasonable commercial basis",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/3"
    },
    {
      "path": "title/III",
      "kind": "title",
      "number": "III",
      "heading": "TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Obligation for systematic internalisers to make public firm quotes in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Execution of client orders",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Obligations of competent authorities",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Access to quotes",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/17a",
      "kind": "article",
      "number": "17a",
      "heading": "Tick sizes",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-17a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Systematic internalisers: pre-trade transparency requirements for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/18a",
      "kind": "article",
      "number": "18a",
      "heading": "Article 18: waivers and suspensions for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-18a",
      "extent": null,
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/18b",
      "kind": "article",
      "number": "18b",
      "heading": "Notification and publication requirements",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-18b",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III"
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Monitoring by the competent authority",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-19",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III"
    },
    {
      "path": "article/20",
      "kind": "article",
      "number": "20",
      "heading": "Post-trade disclosure by investment firms, including systematic internalisers, in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Investment firms (including systematic internalisers): post-trade transparency requirements for fixed income instruments and derivatives etc",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Providing information for the purposes of transparency and other calculations",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "Investment firms operating internal matching systems",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "title/IV",
      "kind": "title",
      "number": "IV",
      "heading": "TRANSACTION REPORTING",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/24",
      "kind": "article",
      "number": "24",
      "heading": "Obligation to uphold integrity of markets",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV"
    },
    {
      "path": "article/25",
      "kind": "article",
      "number": "25",
      "heading": "Obligation to maintain records",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-25",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV"
    },
    {
      "path": "article/26",
      "kind": "article",
      "number": "26",
      "heading": "Obligation to report transactions",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-26",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV"
    },
    {
      "path": "article/27",
      "kind": "article",
      "number": "27",
      "heading": "Obligation to supply financial instrument reference data",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-27",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV"
    },
    {
      "path": "title/V",
      "kind": "title",
      "number": "V",
      "heading": "DERIVATIVES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/28",
      "kind": "article",
      "number": "28",
      "heading": "Obligation to trade on regulated markets, MTFs or OTFs",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-28",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/28a",
      "kind": "article",
      "number": "28a",
      "heading": "Suspension or modification of Article 28",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-28a",
      "extent": null,
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/29",
      "kind": "article",
      "number": "29",
      "heading": "Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-29",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/30",
      "kind": "article",
      "number": "30",
      "heading": "Indirect Clearing Arrangements",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-30",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/31",
      "kind": "article",
      "number": "31",
      "heading": "Risk reduction services",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-31",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/32",
      "kind": "article",
      "number": "32",
      "heading": "Trading obligation procedure",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-32",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/33",
      "kind": "article",
      "number": "33",
      "heading": "Mechanism to avoid duplicative or conflicting rules",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-33",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "article/34",
      "kind": "article",
      "number": "34",
      "heading": "Register of derivatives subject to the trading obligation",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-34",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/V"
    },
    {
      "path": "title/VI",
      "kind": "title",
      "number": "VI",
      "heading": "NON-DISCRIMINATORY CLEARING ACCESS FOR FINANCIAL INSTRUMENTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/35",
      "kind": "article",
      "number": "35",
      "heading": "Non-discriminatory access to a CCP",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-35",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VI"
    },
    {
      "path": "article/36",
      "kind": "article",
      "number": "36",
      "heading": "Non-discriminatory access to a trading venue",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-36",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VI"
    },
    {
      "path": "article/37",
      "kind": "article",
      "number": "37",
      "heading": "Non-discriminatory access to and obligation to licence benchmarks",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-37",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VI"
    },
    {
      "path": "article/38",
      "kind": "article",
      "number": "38",
      "heading": "Access for third-country CCPs and trading venues",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VI"
    },
    {
      "path": "title/VII",
      "kind": "title",
      "number": "VII",
      "heading": "SUPERVISORY MEASURES ON PRODUCT INTERVENTION AND POSITIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/VII/chapter/1",
      "kind": "chapter",
      "number": "1",
      "heading": "Product monitoring and intervention",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VII"
    },
    {
      "path": "article/39",
      "kind": "article",
      "number": "39",
      "heading": "Market monitoring",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-39",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VII/chapter/1"
    },
    {
      "path": "article/40",
      "kind": "article",
      "number": "40",
      "heading": "ESMA temporary intervention powers",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-40",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/VII/chapter/1"
    },
    {
      "path": "article/41",
      "kind": "article",
      "number": "41",
      "heading": "EBA temporary intervention powers",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-41",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/VII/chapter/1"
    },
    {
      "path": "article/42",
      "kind": "article",
      "number": "42",
      "heading": "Product intervention by competent authorities",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-42",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VII/chapter/1"
    },
    {
      "path": "article/43",
      "kind": "article",
      "number": "43",
      "heading": "Coordination by ESMA and EBA",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-43",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/VII/chapter/1"
    },
    {
      "path": "title/VII/chapter/2",
      "kind": "chapter",
      "number": "2",
      "heading": "Positions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VII"
    },
    {
      "path": "article/44",
      "kind": "article",
      "number": "44",
      "heading": "Coordination of national position management measures and position limits by ESMA",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-44",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/VII/chapter/2"
    },
    {
      "path": "article/45",
      "kind": "article",
      "number": "45",
      "heading": "Position management powers of ESMA",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-45",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/VII/chapter/2"
    },
    {
      "path": "title/VIII",
      "kind": "title",
      "number": "VIII",
      "heading": "PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DETERMINATION WITH OR WITHOUT A BRANCH",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/46",
      "kind": "article",
      "number": "46",
      "heading": "General provisions",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-46",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VIII"
    },
    {
      "path": "article/47",
      "kind": "article",
      "number": "47",
      "heading": "Equivalence determination",
      "url": "https://openlegislation.uk/eu-regulation-2014-600/article-47",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/VIII"
    },
    {
      "path": "article/48",
      "kind": "article",
      "number": "48",
      "heading": "Register",
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