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# Article 13 — Obligation for systematic internalisers to make quotes easily accessible (Article 15(1) of Regulation (EU) No 600/2014)

**Commission Delegated Regulation (EU) 2017/567 · binding · OJ L 87, 31.3.2017 · dated 18 May 2016 [in force]**

*In force · Consolidated version of 23 August 2026 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02017R0567-20260823)*

1. <a id="art-13-p-1"></a>Systematic internalisers shall specify and update on their website's homepage which of the publication arrangements set out in Article 17(3)(a) of Regulation (EU) No 600/2014 they use to make public their quotes.

2. <a id="art-13-p-2"></a>Where systematic internalisers make their quotes public through the arrangements of a trading venue or an APA, the systematic internaliser shall disclose their identity in the quote.

3. <a id="art-13-p-3"></a>Where systematic internalisers employ more than one arrangement to make public their quotes, publication of the quotes shall occur simultaneously.

4. <a id="art-13-p-4"></a>Systematic internalisers shall make public their quotes in a machine-readable format. Quotes shall be considered to be published in a machine-readable format where the publication meets the criteria set out in Commission Delegated [Regulation (EU) 2017/571](https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-571-the-authorisation-organisational-requirements-and-the).

5. <a id="art-13-p-5"></a>Where systematic internalisers make public their quotes through proprietary arrangements only, the quotes shall also be made public in a human-readable format. Quotes shall be considered to be published in a human-readable format where:

    <a id="art-13-p-5-a"></a>**(a)** the content of the quote is in a format which can be understood by the average reader;

    <a id="art-13-p-5-b"></a>**(b)** the quote is published on the systematic internaliser's website and the website's homepage contains clear instructions for accessing the quote.

6. <a id="art-13-p-6"></a>Quotes shall be published using the standards and specifications set out in Commission Delegated [Regulation (EU) 2017/587](../rts/2017-587-transparency-requirements-for-trading-venues-and-investment.md).
