Commission Delegated Regulation (EU) 2023/945 of 17 January 2023 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2017/583 as regards certain transparency requirements applicable to transactions in non-equity instruments (Text with EEA relevance)

New Commission Delegated Regulation (EU) 2023/945 as regards transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances, and derivatives was published in the Official Journal (OJ) of the EU. The delegated regulation modifies Commission Delegated Regulation (EU) 2017/583 (RTS 2) on same subject to, among other things,
– provide clarity on non-price forming transactions and the reporting of such transactions;
– define pre-trade transparency requirements for hybrid trading systems only which consist of multiple trading systems;
– define a standard for how instrument data such as price, quantity, or notional amount shall be expressed for bonds and credit default swaps in public reports and post-trade transparency information disclosure;
– introduce a new flag field to identify portfolio trades; and
– provide further specifications as to the format of reportable data of commodity and freight derivatives.