Version in force , Modified +120 −44§
Amended by Regulation (EU) 2024/791 32024R0791 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The two unnumbered paragraphs are now numbered as paragraph 1 and paragraph 2, and paragraph 1 adds the word "the" before "tick sizes set in accordance with Article 49 of Directive 2014/65/EU".
Paragraph 2 replaces the prior reference to the application of tick sizes not preventing systematic internalisers matching orders large in scale at mid-point with a reference to the requirements of Article 15(2) of the Regulation and Article 49 of Directive 2014/65/EU not preventing systematic internalisers from matching orders at midpoint, and it removes the qualifier "large in scale".
Cited: Art. 17a, v1 (external, EUR-Lex) · Art. 17a, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 January 2024 02014R0600-20240109 → this version, in force 28 March 2024 02014R0600-20240328
Article 17a
Tick sizes
1. Systematic internalisers’ quotes, price improvements on those quotes and execution prices shall comply with the tick sizes set in accordance with Article 49 of Directive 2014/65/EU.
Application 2. The requirements laid down in Article 15(2) of tick sizes this Regulation and in Article 49 of Directive 2014/65/EU shall not prevent systematic internalisers from matching orders large in scale at mid‐point midpoint within the current bid and offer prices.