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Delegated Regulation (EU) 2017/578 · binding · OJ L 87, 31.3.2017 · dated 13 Jun 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":"2016-06-13","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0578 work_date_document","entry_into_force":"CELLAR 32017R0578 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifid-ii/level-2/rts/2017-578-the-requirements-on-market-making-agreements-and-schemes","path":"/mifid-ii/level-2/rts/2017-578-the-requirements-on-market-making-agreements-and-schemes","name":"Commission Delegated Regulation (EU) 2017/578","number":"2017/578","celex":"32017R0578","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/578 of 13 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards specifying the requirements on market making agreements and schemes (Text with EEA relevance)","document_date":"2016-06-13"},"position":{"kind":"article","key":"7","index":7,"articles":8,"annexes":0},"prev":{"path":"/mifid-ii/level-2/rts/2017-578-the-requirements-on-market-making-agreements-and-schemes/articles/6","key":"6","title":"Article 6 — Minimum obligations as regards the market making schemes"},"next":{"path":"/mifid-ii/level-2/rts/2017-578-the-requirements-on-market-making-agreements-and-schemes/articles/8","key":"8","title":"Article 8 — Entry into force and 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schemes and the financial instruments covered by those agreements.\n1. <a id=\"art-7-p-2\"></a>Trading venues shall communicate any changes to the terms of the market making schemes to the participants in those schemes at least one month prior to their application.\n1. <a id=\"art-7-p-3\"></a>Trading venues shall provide the same incentives to all participants who perform equally in terms of presence, size and spread, in their market making schemes.\n1. <a id=\"art-7-p-4\"></a>Trading venues shall not limit the number of participants in a market making scheme. However, they may limit the access to the incentives included in the scheme to the firms which have met pre-determined thresholds.\n1. <a id=\"art-7-p-5\"></a>Trading venues shall continuously monitor the effective compliance of the participants with the market making schemes.\n1. <a id=\"art-7-p-6\"></a>Trading venues shall establish procedures to communicate the existence of stressed market conditions on its trading venue to all participants in a market making scheme through readily accessible channels.\n\n","marks":[],"text_hash":"bdade89ba500ed509f0f0051c5146f2978b807c2b0763c4fd17a04856ae5b3cb","revision":1}}