Section 9: Provisions common to investment services providers other than portfolio management companies relating to systematic internalisers

A systematic internaliser is an investment services provider other than a portfolio management company which, on an organised, frequent, systematic and substantial basis, deals on own account by executing client orders without operating a multilateral system. Its system must operate in accordance with Title III of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments. The frequent and…

Systematic internalisers shall make available to the public at least once a year, free of charge, data relating to the quality of execution of transactions executed within them. These periodic reports shall include detailed information on the price, costs, speed and likelihood of execution for the various financial instruments. The obligations mentioned in this article shall apply from 28 February 2023.