Schedule 2: Transitional amendments Part 1 – Amendments to the Markets in Financial Instruments Regulation Paragraph 2: Transparency requirements for equities and equity-like instruments
This paragraph of the Schedule amends Article 3 of the Markets in Financial Instruments Regulation (MiFIR), which sets out what information trading venues need to make public in respect of trading interests in certain equity and equity-like instruments. It transfers to Article 3 a power, previously contained in Article 4 of MiFIR, for the FCA to make RTS to specify the detail of pre-trade transparency requirements and their calibration for different types of trading system. It specifies that when developing the RTS the FCA must take into account the different types of trading systems that may be used by trading venues.