Part XVIIIU.K. [F1Recognised investment exchanges, clearing houses [F2, CSDs and other parties]]

Textual Amendments

Modifications etc. (not altering text)

Chapter IU.K. Exemption

[F3General rule-making powers]U.K.

Textual Amendments

F3Ss. 300F, 300G and cross-heading inserted (1.1.2024 at 1.00 a.m.) by Financial Services and Markets Act 2023 (c. 29), ss. 9(2), 86(3); S.I. 2023/1382, reg. 10(a)

[F4300HRules relating to investment exchanges and data reporting service providersU.K.

(1)The FCA may make such rules applying to recognised UK investment exchanges or data reporting service providers—

(a)with respect to the carrying on by them of relevant activities, or

(b)with respect to the carrying on by them of an activity which is not a relevant activity,

as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives.

(2)In this section “relevant activity”—

(a)in relation to a recognised UK investment exchange, means a regulated activity described in section 285(2);

(b)in relation to a data reporting service provider, means providing a data reporting service.

(3)Rules under this section may include—

(a)provision applying to a recognised UK investment exchange or data reporting service provider even though there is no relationship between that person and the persons whose interests will be protected by the rules;

(b)requirements which take into account, in the case of a recognised UK investment exchange or data reporting service provider which is a member of a group, any activity of another member of the group.

F5(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)In this section—

Textual Amendments