Requirement (MIFID)
Article 43 Monitoring of compliance with the rules of the regulated market and with other legal obligations
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. Member States shall require that regulated markets establish and
maintain effective arrangements and procedures for the regular monitoring
of the compliance by their members or participants with their
rules. Regulated markets shall monitor the transactions undertaken by
their members or participants under their systems in order to identify
breaches of those rules, disorderly trading conditions or conduct that
may involve market abuse.
2. Member States shall require the operators of the regulated markets
to report significant breaches of their rules or disorderly trading conditions
or conduct that may involve market abuse to the competent
authority of the regulated market. Member States shall also require the
operator of the regulated market to supply the relevant information
without delay to the authority competent for the investigation and prosecution
of market abuse on the regulated market and to provide full assistance
to the latter in investigating and prosecuting market abuse occurring
on or through the systems of the regulated market.