{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2022-08-02","held_since":"2022-08-02","gaps":[],"covered":["2017/565 — Delegated act — Organisational requirements and operating conditions [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/articles/81","url":"https://www.headlesslaw.com/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/articles/81","title":"Article 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Delegated Regulation (EU) 2017/565 · binding · OJ L 87, 31.3.2017 · dated 25 Apr 2016 [in 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":"2016-04-25","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0565 work_date_document","entry_into_force":"CELLAR 32017R0565 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for","path":"/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for","name":"Commission Delegated Regulation (EU) 2017/565","number":"2017/565","celex":"32017R0565","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance)","document_date":"2016-04-25"},"position":{"kind":"article","key":"81","index":82,"articles":92,"annexes":4},"prev":{"path":"/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/articles/80","key":"80","title":"Article 80 — Circumstances constituting significant damage to investors' interests and the orderly functioning of the market (Articles 32(1), 32(2), 52(1) and 52(2) of Directive 2014/65/EU)"},"next":{"path":"/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/articles/82","key":"82","title":"Article 82 — Circumstances where a conduct indicating behaviour that is prohibited under Regulation (EU) No 596/2014 may be assumed (Articles 31(2) and 54(2) of Directive 2014/65/EU)"},"act_anchor":"#art-81"}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02017R0565-20220802","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for.md","unit_text_sha256":"ed183373241819741f7487a7977aa28b6d3424f44fc83e2dccab8577db510047","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/art-81","kind":"article","key":"81","heading":"Article 81","text":"## <a id=\"art-81\"></a>Article 81\n\nCircumstances where significant infringements of the rules of a trading venue or disorderly trading conditions or system disruptions in relation to a financial instrument may be assumed\n\n(Articles 31(2) and 54(2) of Directive 2014/65/EU)\n\n1. <a id=\"art-81-p-1\"></a>When assessing whether the requirement to immediately inform their competent authorities of significant infringements of the rules of their trading venue or disorderly trading conditions or system disruptions in relation to a financial instrument applies, operators of trading venues shall consider the signals listed in Section A of Annex III to this Regulation.\n\n2. <a id=\"art-81-p-2\"></a>Information shall only be required in cases of significant events which have the potential to jeopardise the role and function of trading venues as part of the financial market infrastructure.\n\n","marks":[],"text_hash":"ed183373241819741f7487a7977aa28b6d3424f44fc83e2dccab8577db510047","revision":1}}