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In this act Article 1 of 6

Article 1 — Most relevant market in terms of liquidity

Financial servicesLevel 2RTSMiFID IIIn forceOfficial source

For the purposes of this Regulation, the most relevant market in terms of liquidity for a share or a depositary receipt shall be considered to be the most relevant market in terms of liquidity as referred to in Article 4(1)(a) of Regulation (EU) No 600/2014 and specified in Article 4 of Commission Delegated Regulation (EU) 2017/587.

About this text

Commission Delegated Regulation (EU) 2017/588 · binding · OJ L 87, 31.3.2017 · dated 14 Jul 2016 [in force]

In force · Consolidated version of 5 June 2023 · Checked against EUR-Lex on 26 Oct 2026 · Official source

Status: In force
Coverage: 2017/588 — RTS — Tick size regime [in force]: every English consolidation from 5 Jun 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: The whole article.
Failures: None.
Incomplete: No.
Instrument: Commission Delegated Regulation (EU) 2017/588 (RTS)
CELEX: 32017R0588
OJ reference: OJ L 87, 31.3.2017
Drafted by: ESMA
Legal nature: Binding
Legal basis: Article 49(3) and (4) MiFID II
Adopted: 14 July 2016
In force: 20 April 2017
Corrigenda: None in English (CELLAR)
Related instruments: None recorded
Text on this page: Word for word — title and recitals as in the OJ act, articles and annexes as in the consolidated version of 5 June 2023; not reproduced: citations, enacting formula, closing formula and OJ footnotes

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Implements · Level 11

49Tick sizeswhole act

Cited by · Level 30

None linked in our corpus. We hold no MiFID II Level 3 documents.

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