RTS 2 definition

RTS 2 means Commission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives.
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RTS 2 means the UK version of the Commission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on
Sample 1Sample 2
RTS 2 means the UK version of the Commission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards ontransparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives, as amended by the FCA's Technical Standards (MiFIR Transparency) (EU Exit) (No 1) Instrument 2019 which is part of UK law by virtue of the EUWA.
Sample 1

Examples of RTS 2 in a sentence

  • In the absence of further guidance, we have considered the requirements in respect of non-equity instruments (Article 13(8) of RTS 2) which specifies that “where the trade size… is expressed in monetary value and the financial instrument is not denominated in Euros, the trade size shall be converted to the currency in which that financial instrument is denominated by applying the European Central Bank Euro foreign exchange reference rate as of 31 December of the preceding year”.

  • However, the Treasury Department and the IRS are aware that the aggregation rules set forth in sections 52(a) and (b) and sections 414(m) and (o) are complex.

  • Therefore, market data includes the details set out in Annex I of RTS 1 and Annex I and Xxxxx XX of RTS 2.

  • Therefore, market data refers to the information set out in Annex I and Annex II of RTS 2.

  • In order to calibrate the liquidity test for the trading obligation so that it is materially aligned with the liquid- ity test for transparency, ESMA must reduce the trades-per-day threshold by the same percentage that the data set used in RTS 2 has been reduced.

  • These interface specifications have been drafted based on MiFID II, MiFIR, the related draft RTS on equity transparency (RTS 1) and non-equity transparency (RTS 2), as well as on the related approved Business Requirement Document (BRD) and Functional Specification Document (FSD).

  • Therefore, market data includes the details set out in Annex I of RTS 1 and Annex I and Annex II of RTS 2.

  • This means that, in practice, any stricter liquidity test applied for the trading obligation also becomes the de facto liquidity test for RTS 2, overriding ESMA’s work in devel- oping a suitable liquidity test for transparency.

  • Given that the overall data set has been reduced by more than 50% when compared to the data set used in RTS 2, the trades-per-day threshold should be set at no more than 5 trades-per-day.

  • Therefore, even though a cleared OTC derivative is initially determined to be liquid under the test used in RTS 2, it can still benefit from a waiver from pre-trade transparency under Article 9(1)(c) if it fails to satisfy any stricter liquidity test that is applied for the trading obligation.


More Definitions of RTS 2

RTS 2 means Commission Delegated Regulation (EU) 2017/583, as it forms part of domestic law by virtue of UK legislation;
Sample 1

Related to RTS 2

  • Digital Signal Level 3 (DS-3 means the 44.736 Mbps third level signal in the time division multiplex hierarchy.

  • Digital Signal Level 0 (DS-0 means the lowest-level signal in the time division multiplex digital hierarchy, and represents a voice-grade channel operating at either the 56 Kbps or 64 Kbps transmission bit rates. There are twenty-four (24) DS-0 channels in a DS-1.

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Digital Signal Level 1 (DS-1 means the 1.544 Mbps first level signal in the time division multiplex hierarchy.

  • Permanent foster care placement means the place of residence in which a child resides and in

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships (1973) as modified by the Protocol of 1978 relating thereto;