Legal provisions of COM(2021)726 - Amendment of Directive 2014/65/EU on markets in financial instruments

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dossier COM(2021)726 - Amendment of Directive 2014/65/EU on markets in financial instruments.
document COM(2021)726 EN
date February 28, 2024

Contents

Article 1 - Amendments to Directive 2014/65/EU

Directive 2014/65/EU is amended as follows:

1. in Article 1, paragraph 7, is deleted;

2. in Article 2(1), point (d), point (ii) is replaced by the following:

‘(ii)    are members of or participants in a regulated market or an MTF;’;

3. in Article 4(1), point (19) is replaced by the following:

‘(19)    multilateral system’ means a multilateral system as defined in Article 2(1), point (11), of Regulation EU (No) 600/2014;’;

4. Article 27 is amended as follows:

(a)    paragraph 3 is deleted;

(b)    in paragraph 10, point (a)is deleted;

5. in Article 31(1), the following sentence is added:

‘Investment firms and market operators operating an MTF or an OTF shall have arrangements in place to ensure they meet the data quality standards as set out in Article 22b of Regulation (EU) No 600/2014.’;

6. in Article 47(1), the following point (g) is added:

‘(g)    to have arrangements in place to ensure they meet the data quality standards as set out in Article 22b of Regulation (EU) No 600/2014.’;

7. Article 50 is deleted;

8. in Article 70(3), point (a), point (xxx) is deleted;

9. in Article 70(3), point (b), the following points (iia), (xvia), (xvib), (xvic) and (xxviia) are inserted:

‘(iia)    Article 5;’;

‘(xvia)    Article 22a;’;

‘(xvib)    Article 22b;’;

‘(xvic)    Article 22c ;’ ;

‘(xxviia) Article 39a ;’.

Article 2 - Transposition

1. Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by [OP please insert the date = 12 months after the date of entry into force of the CTP Regulation] at the latest.

When Member States adopt those provisions, they shall contain a reference to this Directive or be accompanied by such a reference on the occasion of their official publication. Member States shall determine how such reference is to be made.

2. Member States shall communicate to the Commission the text of the main provisions of national law which they adopt in the field covered by this Directive.

Article 3 - Entry into force

This Directive shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Article 4 - Addressees

This Directive is addressed to the Member States.