Legal provisions of COM(2016)57 - Amending regulations on markets in financial instruments, on market abuse, on improving securities settlements and central securities depositories as regards certain dates - Main contents
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dossier | COM(2016)57 - Amending regulations on markets in financial instruments, on market abuse, on improving securities settlements and central ... |
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document | COM(2016)57 ![]() |
date | June 23, 2016 |
Article 1
(1) | in Article 1, the following paragraph is inserted: ‘5a. Title II and Title III of this Regulation shall not apply to securities financing transactions as defined in point (11) of Article 3 of Regulation (EU) 2015/2365 of the European Parliament and of the Council (*). (*) Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (OJ L 337, 23.12.2015, p. 1).’;" |
(2) | in Article 2(1), the following points are added:
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(3) | in Article 4(7), the date ‘3 January 2017’ is replaced by ‘3 January 2018’ and the date ‘3 January 2019’ is replaced by ‘3 January 2020’; |
(4) | in Article 5(8), the date ‘3 January 2016’ is replaced by ‘3 January 2017’; |
(5) | in Article 8(1), the first sentence is replaced by the following: ‘Market operators and investment firms operating a trading venue shall make public current bid and offer prices and the depth of trading interests at those prices which are advertised through their systems for bonds, and structured finance products, emission allowances, derivatives traded on a trading venue and package orders.’; |
(6) | Article 9 is amended as follows:
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(7) | in Article 18, the following paragraph is added: ‘11. In respect of a package order and without prejudice to paragraph 2, the obligations in this Article shall only apply to the package order as a whole and not to any component of the package order separately.’; |
(8) | in Article 19(1), the date ‘3 January 2019’ is replaced by ‘3 January 2020’; |
(9) | in Article 26(10), the date ‘3 January 2019’ is replaced by ‘3 January 2020’; |
(10) | in Article 35(5), the date ‘3 January 2017’ is replaced by ‘3 January 2018’ and the date ‘3 July 2019’ is replaced by ‘3 July 2020’; |
(11) | in Article 37(2), the date ‘3 January 2017’ is replaced by ‘3 January 2018’; |
(12) | Article 52 is amended as follows:
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(13) | in the first subparagraph of Article 54(2), the date ‘3 July 2019’ is replaced by the following ‘3 July 2020’. |
(14) | Article 55 is amended as follows:
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Article 2
(a) | paragraph 2 is replaced by the following: ‘2. It shall apply from 3 July 2016 except for:
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(b) | in the first subparagraph of paragraph 4, the date ‘3 January 2017’ is replaced by ‘3 January 2018’; |
(c) | in the second subparagraph of paragraph 4, the date ‘3 January 2017’ is replaced by ‘3 January 2018’. |
Article 3
(a) | in point (b) of the second subparagraph of paragraph 5, the date ‘13 June 2017’ is replaced by ‘13 June 2018’; |
(b) | in paragraph 7, the date ‘3 January 2017’ is replaced by ‘3 January 2018’. |
Article 4
This Regulation shall be binding in its entirety and directly applicable in all Member States.