[F1Specific requirements for multilateral trading facilities: execution of ordersU.K.
Textual Amendments
F1Sch. paras. 9B-9I and cross-headings inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 1(17) (with reg. 7)
9B.—(1) An exchange must have non-discretionary rules for the execution of orders on a multilateral trading facility operated by it.U.K.
(2) An exchange must not on a multilateral trading facility operated by it—
(a)execute any client orders against its proprietary capital; or
(b)engage in matched principal trading.]