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Text as of 23 Nov 2025 · Consolidated version of 23 November 2025 · Same wording as today’s text.Today’s text

Article 16 — Obligations of competent authorities

Financial servicesLevel 1RegulationMiFIRIn forceOfficial source

The competent authorities shall check that systematic internalisers comply with the conditions for order execution laid down in Article 15(1) and with the conditions for price improvement laid down in Article 15(2).