ITA BRS Order Transmission to Market


On Oct. 24, ITA BRS amended market rules and instructions by notice.


  • ITA BRS issued Notice 44467 amending Market Rules and Instructions effective Nov. 25, subject to tests' positive outcome, on transaction reporting manual replacement.
  • Overview
  • Art IA.3.2.2 of Instructions to Regulations on rules re transmission of orders to market amended per replacement of Transaction Reporting Manual with Euronext Group.
  • Transaction reporting guidelines for non-MiFID members (new) regulate operation of transaction reporting for non-MiFID clients on Euronext markets as of Nov. 25, 2024.
  • The latter also marks effective date of ITA BRS replacement of system used to comply with transaction reporting obligation referred to in article 26, paragraph 5 of MiFIR.
  • Updated Instructions to be published on ITA BRS' website; tracked changes in notice.
  • Effectiveness
  • Amendments to Instructions to Rules of Markets organized and managed by ITA BRS described in notice to enter into force on Nov. 25, 2024, subject to successful testing.

Regulators ITA BRS
Entity Types B/D; Corp; Exch
Reference Nt 44467, 10/24/2024; MIFID/MIFIR Dir 2014/65, Reg 600/2014
Functions Compliance; Operations; Reporting; Trade Reporting; Trading
Countries Italy
Category
State
Products Derivatives; Equity; Fixed Income; Issuance/IPO; Securities
Regions EMEA
Rule Type Final
Rule Date 10/24/2024
Effective Date 11/25/2024
Rule Id 231096
Linked to N/A
Reg. Last Update 10/24/2024
Report Section EU

Last substantive update on 10/29/2024