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In this act Article 12 of 26
Text as of 2 Mar 2026 · Consolidated version of 23 August 2026 · Same wording as today’s text.Today’s text

Article 12 — Obligation for systematic internalisers to make quotes public on a regular and continuous basis during normal trading hours (Article 15(1) of Regulation (EU) No 600/2014)

Financial servicesLevel 2Delegated RegulationMiFIRIn forceOfficial source

For the purposes of Article 15(1) of Regulation (EU) No 600/2014, a systematic internaliser shall be considered to make public its quotes on a regular and continuous basis during normal trading hours only where the systematic internaliser makes the quotes available at all times during the hours which the systematic internaliser has established and published in advance as its normal trading hours.