Had to look up internalizer (was a bit unclear): https://jwg-it.eu/defining-systematic-internaliser-under-mifid-ii https://jwg-it.eu/defining-systematic-interna

Had to look up internalizer (was a bit unclear): https://jwg-it.eu/defining-systematic-internaliser-under-mifid-ii https://jwg-it.eu/defining-systematic-internaliser-under-mif... but otherwise a good read.