Примери за използване на Trading obligation на Английски и техните преводи на Български
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In order for the trading obligation to take effect.
Register of derivatives subject to the trading obligation.
However an exclusion from that trading obligation should be provided if there is a legitimate reason.
Whereas the delegated regulation sets out in its Annex the classes of derivatives that should be subject to the trading obligation introduced by Article 28 of MiFIR;
This trading obligation applies to financial counterparties and non-financial counterparties above the EMIR clearing threshold.
(c) when it comes to derivatives which are not subject to the trading obligation and to other financial instruments for which there is not a liquid market.
The trading obligation established for those derivatives should allow for efficient competition between eligible trading venues.
Those decisions shall be for the sole purpose of determining eligibility as a trading venue for derivatives subject to the trading obligation.
Derivatives which are not subject to the trading obligation specified in Article 28 and other financial instruments for which there is not a liquid market.
Whereas Parliament underlines the importance of the Commission finalising the appropriate equivalence decisions before the trading obligation comes into effect;
Whereas the trading obligation for derivatives is an important element of the commitments agreed upon by G20 leaders in Pittsburgh in 2009;
Including facilitating the efficient registration of imported substances,in a way consistent with the Community's international trading obligations towards third countries;(b).
Derivatives declared subject to the trading obligation pursuant to paragraph 1 shall be eligible to be admitted to trading on a regulated market or to trade on any trading venue as referred to in paragraph 1 on a non-exclusive and non-discriminatory basis.
Portfolio compression is defined in Article 2(1) of Regulation(EU) No 600/2014(MiFIR) and excluded from the scope of the European Union trading obligation established in Article 28 of MiFIR.
That trading obligation requires investment firms to undertake all trades including trades dealt on own account and trades dealt when executing client orders on a regulated market, an MTF, a systematic internaliser or an equivalent third-country trading venue.
Portfolio compression' is defined in Article 2(1) of Regulation(EU) No 600/2014 and excluded from the scope of the Union trading obligation established in Article 28 of Regulation(EU) No 600/2014.
Such an exclusion from that trading obligation should not be used to circumvent the restrictions introduced on the use of the reference price waiver and the negotiated price waiver or to operate a broker crossing network or other crossing system.
It should be clarified that the best execution provisions set out in Directive 2014/65/EU should be applied in such a manner as not to impede the trading obligations under this Regulation.
In preparing those draft regulatory technical standards, ESMA shall take into consideration the anticipated impact that trading obligation might have on the liquidity of a class of derivatives or a relevant subset thereof and the commercial activities of end users which are not financial entities.
Whereas a swift publication of the delegated regulation in the Official Journal would allow for timely implementation andlegal certainty concerning the provisions applicable to the trading obligation for derivatives;
Whereas derivatives subject to this trading obligation may only be traded on a regulated market, on a multilateral trading facility, organised trading facility or third-country trading venue deemed to be equivalent by the Commission;
The European Commission proposes to extend for six months its decision to recognise trading venues in Switzerland as eligible for compliance with the trading obligation for shares set out in the Markets in Financial Instruments Directive and Regulation.
The trading obligation shall also apply to counterparties referred to in paragraph 1 which enter into derivatives transactions pertaining to a class of derivatives that has been declared subject to the trading obligation with third-country financial institutions or other third-country entities that would be subject to the clearing obligation if they were established in the Union.
Therefore those trading venues should not be able to claim exclusive rights in relation to any derivatives subject to that trading obligation preventing other trading venues from offering trading in those financial instruments.
The trading obligation shall also apply to third-country entities that would be subject to the clearing obligation if they were established in the Union, which enter into derivatives transactions pertaining to a class of derivatives that has been declared subject to the trading obligation, provided that the contract has a direct, substantial and foreseeable effect within the Union or where such obligation is necessary or appropriate to prevent the evasion of any provision of this Regulation.
In order to ensure more trading takes place on regulated trading venues and systematic internalisers, a trading obligation for shares admitted to trading on a regulated market or traded on atrading venue should be introduced for investment firms in this Regulation.
European Parliament decision to raise no objections to the Commission delegated regulation of 17 November 2017 supplementing Regulation(EU) No 600/2014 of the European Parliament andof the Council on markets in financial instruments with regard to regulatory technical standards on the trading obligation for certain derivatives(C(2017)07684- 2017/2979(DEA)).
ESMA shall regularly monitor the activity in derivatives which have not been declared subject to the trading obligation as described in paragraph 1 in order to identify cases where a particular class of contracts may pose systemic risk and to prevent regulatory arbitrage between derivative transactions subject to the trading obligation and derivative transactions which are not subject to the trading obligation.
Therefore, the Commission should prepare a report on the changes made to the clearing obligation for derivatives in this Regulation, in particular regarding the scope of entities subject to the clearing obligation as wellas the suspension mechanism, that should also be made to the trading obligation for derivatives set out in Regulation(EU) No 600/2014.
In order to carry out calculations for determining the requirements for the pre-trade andpost-trade transparency and the trading obligation regimes imposed by Articles 3 to 11, Articles 14 to 21 and Article 32, which are applicable to financial instruments and for determining whether an investment firm is a systematic internaliser, competent authorities may require information from.