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# Recital 22

*In force · Regulation (EU) No 600/2014, OJ L 173, 12.6.2014 · Checked against EUR-Lex on 1 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R0600)*

It is not the intention of this Regulation to require the application of pre-trade transparency rules to transactions carried out on an OTC basis, other than within a systematic internaliser.