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As a result of the experience deriving from the implementation of EU Directive 2014/65 (MiFID II), the MTFs' Rules (including AIM Italia Rules) are amended with respect to provisions...
As a result of the experience deriving from the implementation
of EU Directive 2014/65 (MiFID II), the MTFs'
Rules (including AIM Italia Rules) are amended with respect to
provisions regulating the duration of the commitment for
intermediaries that enter into a market-making agreement.
Intermediaries that carry out market-making activities are
required to inform Borsa Italiana of the intention to terminate
market making strategies they are carrying out under the
market-making agreement; nevertheless, undertakings deriving from
this agreement will terminate from the date subsequently
communicated to the operator by Borsa Italiana, expunging the terms
of minimum duration and notice currently envisaged.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
