On Feb. 12, Eurex updated on verifying member due diligence.
Eurex issued annual Eurex Deutschland trading participant due diligence circular.
On same day, GE DBoerse issued release replicating the information in Eurex circular.
Follows Jan. 2024 Eurex circular on annual trading due diligence, see #198086.
Overview
Eurex and GE DBoerse must verify due diligence of trading participants on annual basis to ensure all trading participants comply with rules electronic order systems usage.
Applicable regulatory requirements are in RTS Reg 2017/584 supplementing MIFID II.
Art. 7 obliges trading venues to set out terms for using its electronic order submission system by its members, conduct due diligence assessment of their members annually.
They are transposed in current Exchange Rules of Eurex Deutschland and GE DBoerse.
In addition, a Due Diligence Statement will verify compliance with §51 Exchange Rules of Eurex Deutschland, and with § 35 (2) of the Exchange Rules applied to GE DBoerse.
Both of these sets of rules outline all the requirements for the usage of Input Devices outside of the normal registered Trading Locations of the relevant admitted company.
Eurex Deutschland and the GE DBoerse annual member Due Diligence Statement relates to the audit period Jan. 2024 to Dec. 2024, covering all the stated categories.
Effectiveness
Trading participants are required to submit due diligence statement by Mar. 14, 2025.
Central coordinators requested to enter their company details, personal PIN, tick the respective boxes and submit the Due Diligence Statement by the mentioned date.
