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force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2016-02-26","entry_into_force":"2016-06-11","locators":{"document_date":"CELLAR 32016R0908 work_date_document","entry_into_force":"CELLAR 32016R0908 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mar/level-2/rts/2016-908-accepted-market-practices","path":"/mar/level-2/rts/2016-908-accepted-market-practices","name":"Commission Delegated Regulation (EU) 2016/908","number":"2016/908","celex":"32016R0908","title_official":"COMMISSION DELEGATED REGULATION (EU) 2016/908 of 26 February 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council laying down regulatory technical standards on the criteria, the procedure and the requirements for establishing an accepted market practice and the requirements for maintaining it, terminating it or modifying the conditions for its acceptance (Text with EEA relevance)","document_date":"2016-02-26"},"position":{"kind":"article","key":"9","index":9,"articles":14,"annexes":1},"prev":{"path":"/mar/level-2/rts/2016-908-accepted-market-practices/articles/8","key":"8","title":"Article 8 — Investigation of the market practice"},"next":{"path":"/mar/level-2/rts/2016-908-accepted-market-practices/articles/10","key":"10","title":"Article 10 — Notification when intending to establish an accepted market practice"},"act_anchor":"#art-9"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2016/908/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mar/level-2/rts/2016-908-accepted-market-practices.md","unit_text_sha256":"2f93e2b5d68f1cc4f9331f4edc2a93fc970fd1dfb91244d620d741bd42f1abf0","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mar/level-2/rts/2016-908-accepted-market-practices/art-9","kind":"article","key":"9","heading":"Article 9 — Structural characteristics of the market","text":"## <a id=\"art-9\"></a>Article 9 — Structural characteristics of the market\n\nIn taking into account, in accordance with point (g) of Article 13(2) of Regulation (EU) No 596/2014, the participation of retail-investors in the relevant market, competent authorities shall assess at a minimum:\\\n**(a)** the impact the market practice might have on retail investors' interests where the market practice concerns financial instruments traded on markets in which retail investors participate;\n**(b)** whether the market practice increases the probability of retail investors to find counterparties in low-liquidity financial instruments, without increasing the risks borne by them.\n\n**SECTION 3 — Procedures**\n\n","marks":[],"text_hash":"2f93e2b5d68f1cc4f9331f4edc2a93fc970fd1dfb91244d620d741bd42f1abf0","revision":1}}