Determination of what constitutes a liquid market for equity instruments, the obligation to provide market data on a reasonable commercial basis, the size specific to the instrument for the purposes of obligations for systematic internalisers, and the definition of and disclosure for post-trade risk reduction services
Commission Delegated Regulation amending Delegated Regulation (EU) 2017/567 as regards the determination of what constitutes a liquid market for equity instruments, the obligation to provide market data on a reasonable commercial basis, the size specific to the instrument for the purposes of obligations for systematic internalisers, and the definition of and disclosure for post-trade risk reduction services
- Stage
- Commission proposal, reached 26 Nov 2025
- Last activity
- 26 Nov 2025
Where it stands
Latest: Referred to committee, 26 Nov 2025.
- 26 Nov 2025
- Referred to committee
Documents
Newest first. Each opens at its source.
Summary
GeneratedThe Commission proposes targeted amendments to MiFID II delegated rules to refine the definition of a liquid market for equity instruments, adjust size-specific thresholds for systematic internalisers, and clarify market data provision on a reasonable commercial basis. It also introduces a formal definition and disclosure requirements for post-trade risk reduction services.
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Sources: EP Legislative Observatory. Record as of 14 Sept 2026. Something wrong on this page? Report an error.
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