ARM

MiFIR, Article 2(36) First adopted 2014-05-15, amended 2019-12-18

a person authorised under this Regulation to provide the service of reporting details of transactions to competent authorities or to ESMA on behalf of investment firms

ABER, Article 2(14) Own wording adopted 2022-12-14

a person authorised under this Regulation to provide that the service conditions of reporting details the transaction between the contracting parties do not differ from those which would be stipulated between independent undertakings and contain no element of transactions to competent authorities or to ESMA on behalf of investment firms collusion. Any transaction that results from an open, transparent and unconditional procedure is considered as meeting the arm’s length principle

Compared with MiFIR: struck words are only in MiFIR, marked words only here.