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  4. Point in time
    2018-04-02

MAR 5.4 Finalisation of transactions1

MAR 5.4.1 R RP

1A firm2 must:

  1. (1)

    clearly inform its users of their respective responsibilities for the settlement of transactions executed in its2MTF; and

  2. (2)

    have in place the arrangements necessary to facilitate the efficient settlement of the transactions concluded under its systems.

[Note: articles 18(6) and 19(3)(b)2 of MiFID]

[Note: in relation to derivative transactions, MiFID RTS 26 contains requirements on the systems for the clearing of such transactions]2