Market Notice - Clarification to guiding in Member and Trading Rules

Please find enclosed a market notice describing a change in the guiding to Rule 3040 of the Member and Trading Rules for Oslo Børs, Oslo Axess and Merkur Market. As of 3 January 2017 ESMA, in accordance with RTS 1 Article 6, will start collecting data to determine which instruments are subject to MiFID II double volume caps (DVC). 

The double volume caps restrict which instruments can be traded without pre-trade transparency after the implementation of MiFID II. The guiding to Rule 3040 is changed in order to ensure that only relevant Negotiated Trades are included in the DVC calculation.

A marked-up version of the guiding to “Rule 3040 Required Content of trade reports” is attached. Updated Member and trading rules applicable from 01.01.2017 will be made available on the Oslo Børs website during December.


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