Database on German and European Economic Law

 Regulation (EU) No 2017/578

I. Description

Two main goals should be attained in specifying the market making obligations of algorithmic traders pursuing market making strategies and the related obligations of trading venues. First, an element of predictability to the apparent liquidity in the order book should be introduced by establishing contractual obligations for investment firms pursuing market making strategies. Second, the presence of those firms in the market should be incentivised, particularly during stressed market conditions.

II. General Information

Title

Commission Delegated Regulation (EU) 2017/578 of 13 June 2016 supplementing Directive   2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards specifying the requirements on market making agreements and schemes

Status
Existing
Regulation
(EU) No 2017/578
Source
O.J. EU No L (Legislation), Edition 87, Year 2017, p.183
Adoption
06/13/2016
Promulgation
03/13/2017
Character
Lamfalussy Implementing Act
Framework Act
  Richtlinie 2014/65/EU

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Commission Delegated Regulation (EU) 2017/578 of 13 June 2016 supplementing Directive   2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards specifying the requirements on market making agreements and schemes

  (EU) No 2017/578

Beschluss:
06/13/2016 (A)
Verkuendung:
03/13/2017 (P)
(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions