OpenLegislation

Article 1 Offering of pre-trade and post-trade transparency data

United Kingdom

Original text. Later amendments are not shown.

1.

A market operator or investment firm operating a trading venue shall upon request make the information published in accordance with Articles 3, 4 and 6 to 11 of Regulation (EU) No 600/2014 available to the public by offering pre-trade and post-trade data disaggregated, in accordance with the following criteria:

(a)

the nature of the asset class:

  1. (i)

    shares;

  2. (ii)

    depositary receipts, ETFs, certificates and other similar financial instruments referred to in Article 3 of Regulation (EU) No 600/2014;

  3. (iii)

    bonds and structured finance products;

  4. (iv)

    emission allowances;

  5. (v)

    derivatives;

(b)

the country of issue for shares and sovereign debt;

(c)

the currency in which the financial instrument is traded;

(d)

scheduled daily auctions as opposed to continuous trading.

2.

Derivatives referred to in point (a)(v) shall be disaggregated in accordance with the following criteria:

(a)

equity derivatives;

(b)

interest rate derivatives;

(c)

credit derivatives;

(d)

foreign exchange derivatives;

(e)

commodity and emission allowance derivatives;

(f)

other derivatives.

3.

The market operator or investment firm operating a trading venue shall determine which criteria a financial instrument or type of data meets where the disaggregation criteria in paragraphs 1 or 2 cannot be applied in an unambiguous manner.

4.

The market operator or investment firm operating a trading venue shall apply the criteria referred to in paragraphs 1 and 2 in any combination upon request.

5.

In addition to offering the data in accordance with paragraph 1 and 2, a market operator or investment firm operating a trading venue may offer bundles of data.