PART 4Amendment of Retained Direct EU Legislation
Commission Delegated Regulation (EU) 2017/56519
1
Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive36 is amended as follows.
2
In Article 12 (systematic internalisers for shares, depositary receipts, ETFs, certificates and other similar financial instruments)—
a
in paragraph 2, omit “5, ”;
b
in paragraph 3, for “5(3A)” substitute “14(6D)”
.
3
In the following provisions, for “5(3A)”, in each place where it occurs, substitute “14(6D)”
—
a
in Article 13 (systematic internalisers for bonds), paragraph 2;
b
in Article 14 (systematic internalisers for structured finance products), paragraph 2;
c
in Article 15 (systematic internalisers for derivatives), paragraph 2;
d
in Article 16 (systematic internalisers for emission allowances), paragraph 2;
e
in Article 16ZA (transitional period: data for calculations)37, paragraph 1.