MAR 6.7 Prices reflecting prevailing market conditions
A firm bid or offer price in respect of a particular share must reflect the prevailing market conditions for that share.
[Note: Subparagraph 3 of Article 27(1) of MiFID]
A systematic internaliser shall, for each liquid share for which it is a systematic internaliser, maintain the following: |
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(a) |
a quote or quotes which are close in price to comparable quotes for the same share in other trading venues; and |
(b) |
a record of its quoted prices, which it shall retain for a period of 12 months or such longer period as it considers appropriate. |
The obligation laid down in point (b) is without prejudice to the obligation of the investment firm under Article 25(2) [implemented at SUP 17.4.6 G] of [the MiFID] Directive 2004/39/EC to keep at the disposal of the competent authority for at least 5 years the relevant data relating to all transactions it has carried out.[Note: Article 24 of the MiFID Regulation] |
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