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Text as of 9 Jan 2024 · Consolidated version of 1 January 2022 · The wording differs from today’s text.Today’s text

Article 17a — Tick sizes

Financial servicesLevel 1RegulationMiFIRIn forceOfficial source

Systematic internalisers’ quotes, price improvements on those quotes and execution prices shall comply with tick sizes set in accordance with Article 49 of Directive 2014/65/EU.

Application of tick sizes shall not prevent systematic internalisers matching orders large in scale at mid‐point within the current bid and offer prices.