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 transparency 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
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
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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”.

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

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

  • MiFIR RTS 2 (Commission Delegated Regulation (EU) No 2017/583) sets out the large-in-scale (LIS) levels are based on notional values.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).


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;
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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.

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

  • Digital Signal Level 0 or "DS0" means the 64 Kbps zero-level signal in the time-division multiplex hierarchy.

  • Digital Signal Level 3 or "DS3" means the 44.736 Mbps third-level in the time-division multiplex hierarchy. In the time-division multiplexing hierarchy of the telephone network, DS3 is defined as the third level of multiplexing.

  • KIID means the key investor information document;

  • Short-rotation coppice means a specific management regime whereby the poles of trees are cut every one to two years and which is aimed at producing biomass for energy. It is exempt from the UK government timber procurement policy requirements and falls under agricultural regulation and supervision rather than forestry. The exemption only refers to short-rotation coppice, and not 'conventional' coppice which is forest management and therefore subject to the timber policy.

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

  • Continuous emission monitoring system or "CEMS" means the equipment required under section 11 of this rule to sample, analyze, measure, and provide, by means of readings recorded at least once every fifteen (15) minutes, using an automated data acquisition and handling system (DAHS), a permanent record of nitrogen oxides emissions, stack gas volumetric flow rate, stack gas moisture content, and oxygen or carbon dioxide concentration, as applicable, in a manner consistent with 40 CFR 75*. The following systems are the principal types of continuous emission monitoring systems required under section 11 of this rule:

  • Sale of services means furnishing or agreeing to furnish services and includes making arrangements to have services furnished by another.

  • HUC 14 or "hydrologic unit code 14" means an area within which water drains to a particular receiving surface water body, also known as a subwatershed, which is identified by a 14-digit hydrologic unit boundary designation, delineated within New Jersey by the United States Geological Survey.

  • Original part number means a combination of numbers or letters assigned by the enterprise at item creation to a class of items with the same form, fit, function, and interface.

  • Digital Signal Level 1 or "DS1" means the 1.544 Mbps first-level signal in the time-division multiplex hierarchy. In the time-division multiplexing hierarchy of the telephone network, DS1 is the initial level of multiplexing.