Translation of "pour l’ordre public " (French → English) :

An investment firm shall be considered to disclose client limit orders that are not immediately executable if it transmits the order to a regulated market or MTF that operates an order book trading system, or ensures that the order is made public and can be easily executed as soon as market conditions allow.

2. Where one of the entities referred to in paragraph 1 operates a continuous auction order book trading system, it shall, for each share as specified in paragraph 1, make public continuously throughout its normal trading hours the aggregate number of orders and of the shares those orders represent at each price level, for the five best bid and offer price levels.

2. Member States shall require that, in the case of a client limit order in respect of shares admitted to trading on a regulated market which are not immediately executed under prevailing market conditions, investment firms are, unless the client expressly instructs otherwise, to take measures to facilitate the earliest possible execution of that order by making public immediately that client limit order in a manner which is easily accessible to other market participants.

The first core objective of the Information Policy for Law Enforcement is to establish free movement of information between law enforcement services, including EUROPOL and EUROJUST.

Overriding mandatory rule: // Cf. Article 7 of the Convention. Concept of private international law which designates the provisions to which a state attaches such importance that it requires them to be applied wherever the legal situation is connected with its territory, whatever law is otherwise applicable to the situation. Unlike the mechanism of the international public-policy exception, the court does not look to its conflict rules to ascertain the applicable law and evaluate whether its content may be incompatible with the system of values of the forum but automatically applies its own rules.

For the Court, "recourse by a national authority to the concept of public policy presupposes, in any event, the existence, in addition to the perturbation to the social order which any infringement of the law involves, of a genuine and sufficiently serious threat affecting one of the fundamental interests of society".