1. When applying a central limit order book or a periodic auction trading system, market operators and investment firms operating a trading venue shall make public current bid and offer prices and the depth of trading interests at those prices which are advertised through their systems in respect of package orders composed  of  bonds, structured finance products, emission allowances or derivatives. Those market operators and investment firms shall make that information available to the public on a continuous basis during normal  trading hours.

Explanatory note regarding MiFIR Review and Transition:

The new Article 8b of MiFIR applies from 28 March 2024.

From such date, in respect of package orders:

• Article 1(2) and (3) of Commission Delegated Regulation (EU) 2017/583 (RTS 2) no longer apply;
• the descriptions of the request-for-quote and voice trading systems and related pre-trade transparency information to be disclosed provided in Annex I of RTS 2 no longer apply. The other descriptions of trading systems provided in Annex I of RTS 2 apply till the reviewed RTS 2 starts applying;
• Article 5 of RTS 2 and the provisions on size-specific to the financial instruments in Articles 13(2) and 17(3) of RTS 2 no longer apply.