Article 1 — Amendments to Delegated Regulation (EU) 2017/587

1.in Article 1, points (2) and (3) are deleted;\

2.Article 2 is amended as follows:
a) points (d) to (i) are deleted;
b) the following point (j) is added:
‘(j) the transaction does not constitute a transaction for the purposes of Article 26 of Regulation (EU) No 600/2014 in accordance with Article 2(5) of Commission Delegated Regulation (EU) 2017/590.\

3.Article 6 is amended as follows:
a) points (d) to (i) are deleted;
b) the following point (k) is added;
‘(k) the transaction does not constitute a transaction for the purposes of Article 26 of Regulation (EU) No 600/2014 in accordance with Article 2(5) of Delegated Regulation (EU) 2017/590.’;\

4.in Article 7, paragraph 2 is replaced by the following: ‘2. An order in respect of an ETF shall be considered to be large in scale where the order is equal to or larger than EUR 3 000 000.’;\

5.in Article 13, points (b), (c) and (d) are deleted;\

6.in Article 15(3), point (b) is replaced by the following:
‘(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).’;\

7.Article 17 is amended as follows:
a) paragraph 2 is replaced by the following: ‘2. Competent authorities, market operators and investment firms including investment firms operating a trading venue shall use the information published in accordance with paragraph 1 of this Article for the purposes of Article 4(1), points (a) and (c) and Article 14(2) and (4) of Regulation (EU) No 600/2014, for the period between the first Monday of April of the year in which the information is published and the day before the first Monday of April of the subsequent year.’;
b) the following paragraphs 6 and 7 are added: ‘6. Where ESMA or competent authorities require information in accordance with Article 22 of Regulation (EU) No 600/2014 trading venues, APAs and CTPs shall provide such information in accordance with Annex IV to this Regulation. 7. Where the trade size determined for the purposes of Article 7(1) and (2), Article 8 (2), point (a), Article 11(1) and Article 15(1) is expressed in monetary value and the financial instrument is not denominated in Euros, the trade size shall be converted to the currency in which the financial instrument is denominated by applying the European Central Bank euro foreign exchange reference rate as of 31 December of the preceding year.’;\

8.Annex I is amended in accordance with Annex I to this Regulation;\

9.Annex II is amended in accordance with Annex II to this Regulation;\

10.The text set out in Annex III to this Regulation is added as Annex IV.