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In this act Article 1 of 5
No longer in force since 2 March 2026Below: the last text in force, valid until 2 March 2026. It is not current law.

Article 1 — Reference time

Financial servicesLevel 2RTSMiFID IINo longer in forceOfficial source

Operators of trading venues and their members or participants shall synchronise the business clocks they use to record the date and time of any reportable event with the Coordinated Universal Time (UTC) issued and maintained by the timing centres listed in the latest Bureau international des poids et mesures Annual Report on Time Activities. Operators of trading venues and their members or participants may also synchronise the business clocks they use to record the date and time of any reportable event with UTC disseminated by a satellite system, provided that any offset from UTC is accounted for and removed from the timestamp.