F1TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS

Article 16Obligations of competent authorities

The F2competent authority shall check the following:

  1. (a)

    that investment firms regularly update bid and offer prices published in accordance with Article 14 and maintain prices which reflect the prevailing market conditions;

  2. (b)

    that investment firms comply with the conditions for price improvement laid down in Article 15(2).