TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS
Article 23F1Investment firms operating internal matching systems
F21.
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F31A.
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2.
An investment firm that operates an internal matching system which executes client orders in shares, depositary receipts, ETFs, certificates and other similar financial instruments on a multilateral basis must ensure it F4has permission to operate a multilateral trading facility under Part 4A of FSMA and comply with all relevant provisions pertaining to F5such permissions.
F63.
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F74.
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F85.
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F96.
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