EU · MiFIR · TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS

Article 17 MiFIRAccess to quotes

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Systematic internalisers may decide on commercial, objective and non-discriminatory grounds which clients get access to their equity quotes, may refuse or end client relationships for credit, counterparty or settlement reasons, and may limit the number of transactions per client or overall where orders considerably exceed the norm; the Commission specifies the related criteria.

Level 2: delegated and implementing acts

Delegated actIn forceLegal basis
Commission Delegated Regulation (EU) 2017/567 of 18 May 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryMiFIR delegated regulation covering the criteria for a liquid market in shares, depositary receipts, ETFs and certificates, market data on a reasonable commercial basis, systematic internalisers' quoting and execution obligations, portfolio compression, and the conditions for ESMA, EBA and competent authorities' product intervention and position management powers. Amended by Delegated Regulation 2026/482 after the 2024 MiFIR review.

Level 3: ESMA Q&As, guidelines and opinions

Q&ALegacy Q&A documentESMA rulebook
ESMA70-1562901-35: Questions and Answers On MiFID II and MiFIR transparency topics
ESMA · the ESMA website
AI summaryESMA's consolidated legacy Q&A document on MiFID II and MiFIR transparency (final version 27 October 2023, printed with the reference ESMA70-1562901-35), covering equity and non-equity transparency, pre-trade waivers, the double volume cap, the systematic internaliser regime, data reporting services providers and third-country issues. It is no longer updated; later Q&As are in ESMA's Q&A tool.

Commentary

No law-firm commentary is linked to this provision yet.

219 more documents relate to MiFIR as a whole without naming an article.

UK counterpart

Article 17 UK MiFIR · Access to quotes
UK MiFIR
Revocation enacted by Financial Services and Markets Act 2023; no commencement date yet.
DivergedExplicit reference
UK changes after onshoring: S.I. 2025/1020 (from 23 Oct 2025). UK revocation enacted (Financial Services and Markets Act 2023), not yet commenced.

Version history

From 2 Jul 2014

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.