{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2023-06-05","held_since":"2023-06-05","gaps":[],"covered":["2017/587 — RTS — Transparency requirements for shares [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/15","url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/15","title":"Article 15 — Deferred publication of transactions (Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014)","family":"l2_unit_view","work_id":"spaces/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment","view_of":"/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Consolidated version of 2 March 2026","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02017R0587-20260302","valid_from":"2017-04-20","valid_until":null,"content_id":"cca28bde1d69252b","versions":["2017-04-20"],"version_url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/15/versions/2023-06-05","revision_url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/15/versions/2023-06-05/rev/cca28bde1d69252b","versions_url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/15/versions","relations_url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/15/relations","act_url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment#art-15","source_line":"Commission Delegated Regulation (EU) 2017/587 · binding · OJ L 87, 31.3.2017 · dated 14 Jul 2016 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2016-07-14","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0587 work_date_document","entry_into_force":"CELLAR 32017R0587 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment","path":"/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment","name":"Commission Delegated Regulation (EU) 2017/587","number":"2017/587","celex":"32017R0587","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/587 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments and on transaction execution obligations in respect of certain shares on a trading venue or by a systematic internaliser (Text with EEA relevance)","document_date":"2016-07-14"},"position":{"kind":"article","key":"15","index":17,"articles":22,"annexes":4},"prev":{"path":"/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/14","key":"14","title":"Article 14 — Real time publication of transactions (Article 6(1) of Regulation (EU) No 600/2014)"},"next":{"path":"/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/articles/16","key":"16","title":"Article 16 — References to trading day and daily trading hours"},"act_anchor":"#art-15"}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02017R0587-20260302","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment.md","unit_text_sha256":"5f64c3a964a133a66680afd26031f45dc05b04971c1dabfc5f3194d428ca7e94","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifir/level-2/rts/2017-587-transparency-requirements-for-trading-venues-and-investment/art-15","kind":"article","key":"15","heading":"Article 15 — Deferred publication of transactions (Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014)","text":"## <a id=\"art-15\"></a>Article 15 — Deferred publication of transactions (Article 7(1) and 20(1) and (2) of Regulation (EU) No 600/2014)\n\n1. <a id=\"art-15-p-1\"></a>Where a competent authority authorises the deferred publication of the details of transactions pursuant to Article 7(1) of Regulation (EU) No 600/2014, market operators and investment firms operating a trading venue and investment firms trading outside a trading venue shall make public each transaction no later than at the end of the relevant period set out in Tables 4, 5 and 6 of Annex II provided that the following criteria are satisfied:\n\n    <a id=\"art-15-p-1-a\"></a>**(a)** the transaction is between an investment firm dealing on own account other than through matched principal trading and another counterparty;\n\n    <a id=\"art-15-p-1-b\"></a>**(b)** the size of the transaction is equal to or exceeds the relevant minimum qualifying size specified in Tables 4, 5 or 6 of Annex II, as appropriate.\n\n2. <a id=\"art-15-p-2\"></a>The relevant minimum qualifying size for the purposes of point (b) in paragraph 1 shall be determined in accordance with the average daily turnover calculated as set out in Article 7.\n\n3. <a id=\"art-15-p-3\"></a>For transactions for which deferred publication is permitted until the end of the trading day as specified in Tables 4, 5 and 6 of Annex II, investment firms trading outside a trading venue and market operators and investment firms operating a trading venue shall make public the details of those transactions either:\n\n    <a id=\"art-15-p-3-a\"></a>**(a)** as close to real-time as possible after the end of the trading day which includes the closing auction, where applicable, for transactions executed more than two hours before the end of the trading day;\n\n    <a id=\"art-15-p-3-b\"></a>**(b)** no later than the opening of the next trading day of the most relevant market in terms of liquidity for transactions not covered in point (a).\n\n    For transactions that take place outside a trading venue, references to trading days and closing auctions shall be those of the most relevant market in terms of liquidity as determined in accordance with Article 4.\n\n4. <a id=\"art-15-p-4\"></a>Where a transaction between two investment firms is executed outside the rules of a trading venue, the competent authority for the purpose of determining the applicable deferral regime shall be the competent authority of the investment firm responsible for making the trade public through an APA in accordance with Article 21a(3) of Regulation (EU) No 600/2014.\n\n","marks":[],"text_hash":"5f64c3a964a133a66680afd26031f45dc05b04971c1dabfc5f3194d428ca7e94","revision":1}}