Schedule 2: Transitional amendments Part 1 – Amendments to the Markets in Financial Instruments Regulation Paragraph 5: Double Volume Cap
This paragraph of the Schedule removes the double volume cap (DVC), which was a mechanism that was introduced to limit the amount of trading that could happen using the ‘reference price waiver’ and ‘negotiated trade waiver’ (waivers provided by the Article 4 MiFIR prior to its substitution by paragraph 3).