
Article 1 
Delegated Regulation (EU) 2017/565 is amended as follows:

((1)) the following Article 16a is inserted:
'
Article 16a 
An investment firm shall not be considered to be dealing on own account for the purposes of Article 4(1)(20) of Directive 2014/65/EU where that investment firm participates in matching arrangements entered into with entities outside its own group with the objective or consequence of carrying out de facto riskless back-to-back transactions in a financial instrument outside a trading venue.';
((2)) in Article 91, the second paragraph is replaced by the following:
'It shall apply from 3 January 2018.'.
Article 2 
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 28 August 2017.
For the Commission
The President
Jean-Claude JUNCKER