Traduction de «Système privé de négociation » (Français → Anglais) :

To ensure coherence, specific forms should be used where an investment firm or a market operator, operating a multilateral trading facility or organised trading facility wishes to provide within the territory of another Member State appropriate arrangements so as to facilitate access to and trading on those systems by remote users, members or participants established in that Member State, in order to ensure the adequacy of both the information submitted by the investment firm or market operator to the competent authority of the home Member State and the information submitted by the competent authority of the home Member State to the comp ...[+++]etent authority of the host Member State.

4. Calls for increased technical assistance – including the training of local staff and sharing of technology – to the governments of the partner countries, in order to raise their capacity to claim the ownership of the PPPs and assume their share of responsibility for the management of the PPP projects, by helping them to set up banking systems and tax administrations capable of providing financial governance for and managing public and private funds; points out that in some cases past experience shows that poorly negotiated PPP con ...[+++]tracts could add to state indebtedness and urges that the regulatory framework on responsible financing be set up;

(8) In order to make Union financial markets more transparent and efficient and to level the playing field between various venues offering multilateral trading services it is necessary to introduce a new trading venue category of organised trading facility (OTF) for bonds, structured finance products, emissions allowances and derivatives and to ensure that it is appropriately regulated and applies non-discriminatory rules regarding access to the facility .

2. All transactions in bonds, structured finance products admitted to trading on a regulated market or for which a prospectus has been published, emission allowances and derivatives which are eligible for clearing or which are admitted to trading on a regulated market or are traded on an MTF or an organised trading facility (OTF) and which are not subject to the trading obligation under Article 26, which are not concluded on a regulated market, an MTF, an OTF or a third-country trading venue assessed as equivalent in accordance with Article 26(4), and which meet the thresholds in Article 17, shall be concluded through a systematic intern ...[+++]aliser unless the transaction involves the primary issuance of the instrument.

’consolidated tape provider’ means a person authorised under the provisions established in Directive ././EU [new MiFID] to provide the service of collecting trade reports for financial instruments listed in Articles 5, 6, 11 and 12 of this Regulation from regulated markets, multilateral trading facilities, organised trading facilities and approved publication arrangements and consolidating them into a continuous electronic live data stream providing real-time and, where provided for in Article 66(1) and (2) of Directive ././EU [new MiFID], delayed price and volume data per financial instrument;

’systematic internaliser’ means an investment firm which, on an organised, regular and systematic basis, deals on own account by executing client orders outside a regulated market, a multilateral trading facility or an organised trading facility, in a bilateral system ;