What is the definition of a transaction?

October 12, 2017

In the MiFIR RTS 22 (Regulatory Technical Standards), a transaction is broadly defined as:

  • A purchase or sale of a financial instrument
  • Entering into or closing out of a derivative contract in a financial instrument
  • An increase or decrease in the notional amount for a derivative contract that is a financial instrument
  • The simultaneous acquisition and disposal of a financial instrument where there is no change in the ownership of that instrument but post trade publication is required.