Systematic Internalizers: An Ambitious Regulation Caught in the Crossfire

The SI regime has proven to be the most fragile piece of regulation, as its legal loopholes have triggered a series of political events and has been established as the market’s most notorious law.


There have been dark clouds gathering over the European Parliament lately and some members fear that the systematic internalizers (SI) regime might end up being Mifid II’s Achilles’ heel. The SI regime is suffering increased notoriety due to its unique complexity and a series of events that triggered public disputes between regulators, politicians and market participants. 

The Delay

It all started with a delay. The SI regime is the only piece of Mifid II to receive an extension and is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: