Article 2 — Exemptions — compare
Showing 1 of 1Release 1 Nov 2026Details
- Coverage
- MiFID II: every English consolidation from 23 Mar 2023. Older wording is not held and is not replaced by any other text. Not covered: national guidance, court decisions.
- Freshness
- Release a4f2a049 published 1 Nov 2026, 17:41 CET. This article checked word for word against EUR-Lex on 26 Oct 2026.
- Shown
- Showing 1 of 1
- Failures
- None.
- Incomplete
- No.
- From
- 23 March 2023 · Consolidated version of 23 March 2023 · Checked against EUR-Lex on 26 Oct 2026 · Official source
- To
- 2 November 2026 · Consolidated version of 28 March 2024 · Checked against EUR-Lex on 26 Oct 2026 · Official source
2(1)(d)(ii)
(ii)are members of or participants in a regulated market or an MTF, on the one hand, or have direct electronic access to a trading venue, on the other hand, except for non-financial entities whothat execute transactions on a trading venue whichwhere such transactions are part of liquidity management or are objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of those non-financial entities or their groups;