EU · MiFID II · TITLE III REGULATED MARKETS
Article 50 MiFID IISynchronisation of business clocks
Deleted by Directive (EU) 2024/790; last in consolidated text 02014L0065-20240109.
Read the official text on EUR-Lex(opens in a new tab)Repealed. Required trading venues and their members to synchronise the business clocks used to timestamp reportable events, to an accuracy set by ESMA RTS. The requirement now sits in Article 22c MiFIR, which extends it to SIs, APAs and CTPs.
Amendments and application dates
| Amending act | Change | Applies from |
|---|---|---|
| Directive (EU) 2024/790 | Provision removed | 29 Sept 2025 |
Level 2: delegated and implementing acts
- RTSReplaced (historical)Legal basis
AI summaryFormer RTS 25 on business clock synchronisation: set UTC as the reference time and the maximum divergence and timestamp granularity required of trading venue operators and their members, depending on the trading activity and gateway-to-gateway latency. Repealed and replaced by Delegated Regulation 2025/1155; valid until 1 March 2026.
Commentary
No law-firm commentary is linked to this provision yet.
393 more documents relate to MiFID II as a whole without naming an article.
UK counterpart
- DivergedExplicit reference · 90%
EU article deleted from 29 Sept 2025 by Directive (EU) 2024/790.
- MAR 5.3A.17R Flagging orders, tick sizes and clock synchronisation
- MAR 5A.5.17R Flagging orders, tick sizes and clock synchronisation
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Version history
- From 17 Sept 2014 to 28 Mar 2024
Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.