Summary
The European Parliament has decided not to object to a new regulation that allows for adjustments in transaction volume rules for shares primarily traded outside the EU, aiming to protect market competitiveness. 10 13.03.2019
Other
finance
economy
european union
business and competition
financial institutions and credit
Key points
- The regulation allows for adjustments to the average daily number of transactions for shares that are primarily traded in venues outside the European Union.
- The amendment specifically targets the rules established in previous European regulations regarding transaction volumes.
- The decision is based on existing financial market directives that govern how trading and supervision are handled.
- A key motivation for this swift adoption is to prepare the EU markets for potential changes following the United Kingdom's withdrawal from the Union.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 13 February 2019 amending Delegated Regulation (EU) 2017/588 as regards the possibility to adjust the average daily number of transactions for a share where the trading venue with the highest turnover of that share is located outside the Union
Non-objection to a delegated act: possibility to adjust the average daily number of transactions for a share where the trading venue with the highest turnover of that share is located outside the Union
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.