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  • MiFIR
    • Article 1 β€” Subject matter and scope
    • Article 2 β€” Definitions
    • Article 3 β€” Pre-trade transparency requirements for trading venues in respect of shares, depositary
    • Article 4 β€” Waivers for equity instruments
    • Article 5 β€” Volume cap
    • Article 6 β€” Post-trade transparency requirements for trading venues in respect of shares, depositary
    • Article 7 β€” Authorisation of deferred publication
    • Article 8 β€” Pre-trade transparency requirements for trading venues in respect of bonds, structured f
    • Article 8a β€” Pre-trade transparency requirements for trading venues in respect of derivatives
    • Article 8b β€” Pre-trade transparency requirements for trading venues in respect of package orders
    • Article 9 β€” Waivers for bonds, structured finance products, emission allowances, derivatives and pac
    • Article 10 β€” Post-trade transparency requirements for trading venues in respect of bonds, structured
    • Article 11 β€” Deferred publication in respect of bonds, structured finance products or emission allow
    • Article 11a β€” Deferred publication in respect of derivatives
    • Article 12 β€” Obligation to make pre-trade and post-trade data available separately
    • Article 13 β€” Obligation to make pre-trade and post-trade data available on a reasonable commercial b
    • Article 14 β€” Obligation for systematic internalisers to make public firm quotes in respect of shares
    • Article 15 β€” Execution of client orders
    • Article 16 β€” Obligations of competent authorities
    • Article 17 β€” Access to quotes
    • Article 17a β€” Tick sizes
    • Article 18 β€” Obligation for systematic internalisers to make public firm quotes in respect of bonds,
    • Article 19 β€” Monitoring by ESMA
    • Article 20 β€” Post-trade disclosure by investment firms, including systematic internalisers, in respe
    • Article 21 β€” Post-trade disclosure by investment firms in respect of bonds, structured finance produ
    • Article 21a β€” Designated publishing entities
    • Article 22 β€” Providing information for the purposes of transparency and other calculations
    • Article 22a β€” Transmission of data to the CTP
    • Article 22b β€” Data quality
    • Article 22c β€” Synchronisation of business clocks
    • Article 23 β€” Trading obligation for investment firms
    • Article 23a β€” Accessibility of information on the European single access point
    • Article 24 β€” Obligation to uphold integrity of markets
    • Article 25 β€” Obligation to maintain records
    • Article 26 β€” Obligation to report transactions
    • Article 27 β€” Obligation to supply financial instrument reference data
    • Article 27a β€” Article 27a
    • Article 27b β€” Requirement for authorisation
    • Article 27c β€” Authorisation of data reporting services providers
    • Article 27d β€” Procedures for granting and refusing applications for authorisation of ARMs and APAs
    • Article 27e β€” Withdrawal of authorisation
    • Article 27f β€” Requirements for the management body of a data reporting services provider
    • Article 27g β€” Organisational requirements for APAs
    • Article 27h β€” Organisational requirements for CTPs
    • Article 27i β€” Organisational requirements for ARMs
    • Article 28 β€” Obligation to trade on regulated markets, MTFs or OTFs
    • Article 29 β€” Clearing obligation for derivatives traded on regulated markets and timing of acceptanc
    • Article 30 β€” Indirect Clearing Arrangements
    • Article 31 β€” Post-trade risk reduction services
    • Article 32 β€” Trading obligation procedure
    • Article 32a β€” Stand-alone suspension of the trading obligation
    • Article 33 β€” Mechanism to avoid duplicative or conflicting rules
    • Article 34 β€” Register of derivatives subject to the trading obligation
    • Article 35 β€” Non-discriminatory access to a CCP
    • Article 36 β€” Non-discriminatory access to a trading venue
    • Article 37 β€” Non-discriminatory access to and obligation to licence benchmarks
    • Article 38 β€” Access for third-country CCPs and trading venues
    • Article 38a β€” Exercise of ESMA’s powers
    • Article 38b β€” Request for information
    • Article 38c β€” General investigations
    • Article 38d β€” On-site inspections
    • Article 38e β€” Exchange of information
    • Article 38f β€” Professional secrecy
    • Article 38g β€” Supervisory measures by ESMA
    • Article 38h β€” Fines
    • Article 38i β€” Periodic penalty payments
    • Article 38j β€” Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
    • Article 38k β€” Procedural rules for taking supervisory measures and imposing fines
    • Article 38l β€” Hearing of the persons concerned
    • Article 38m β€” Review by the Court of Justice
    • Article 38n β€” Authorisation and supervisory fees
    • Article 38o β€” Delegation of tasks by ESMA to competent authorities
    • Article 39 β€” Market monitoring
    • Article 39a β€” Prohibition of receiving payment for order flow
    • Article 40 β€” ESMA temporary intervention powers
    • Article 41 β€” EBA temporary intervention powers
    • Article 42 β€” Product intervention by competent authorities
    • Article 43 β€” Coordination by ESMA and EBA
    • Article 44 β€” Coordination of national position management measures and position limits by ESMA
    • Article 45 β€” Position management powers of ESMA
    • Article 46 β€” General provisions
    • Article 47 β€” Equivalence decision
    • Article 48 β€” Register
    • Article 49 β€” Measures to be taken by ESMA
    • Article 50 β€” Exercise of the delegation
    • Article 51 β€” Committee procedure
    • Article 52 β€” Reports and review
    • Article 53 β€” Amendment of Regulation (EU) No 648/2012
    • Article 54 β€” Transitional provisions
    • Article 54a β€” Transitional measures related to ESMA
    • Article 54b β€” Relations with auditors
    • Article 55 β€” Entry into force and application
    • Technical Standards
      • Decisions
      • ITS
        • 2025/1157 - Commission Implementing Regulation (EU) 2025/1157 of 12
        • 2026/1288 - Commission Implementing Regulation (EU) 2026/1288 of 12
      • RTS
    • Guidelines
    • Q&As
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For the complete documentation index, see llms.txt. This page is also available as Markdown.
  1. mica.wtf
  2. MiFIR
  3. Title X β€” Final provisions (Art. 52–55)
  4. Technical Standards

ITS

2025/1157 - Commission Implementing Regulation (EU) 2025/1157 of 122026/1288 - Commission Implementing Regulation (EU) 2026/1288 of 12
Previous2020/2127 - amending Commission Implementing Decision (EU) 2019/541 on
Next2025/1157 - Commission Implementing Regulation (EU) 2025/1157 of 12

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