Provision of information to the FCA concerning algorithmic tradingU.K.
31.—(1) If a member of, or participant in, a regulated market or multilateral trading facility (“M”)—
(a)engages in algorithmic trading;
(b)is subject to the requirements set out in regulation 30; and
(c)M's home Member State is the United Kingdom;
the FCA may require (“M”) to provide the information specified in paragraph (2) on a regular or ad hoc basis.
(2) The specified information for the purposes of paragraph (1) is—
(a)a description of the nature of M's algorithmic trading strategies;
(b)details of the trading parameters or limits to which M's trading systems are subject;
(c)information concerning the systems and controls M has in place to ensure M meets any requirements imposed on M by regulation 30(2) to (4) (“M's systems and controls”);
(d)details of M's testing of M's systems and controls for the purposes of regulation 30(5);
(e)any records M keeps for the purposes of regulation 30(8) and (9); and
(f)any further information about M's algorithmic trading and systems used for that trading.
(3) If M is engaged in algorithmic trading on a trading venue in an EEA State other than the United Kingdom the FCA must, on request, provide the competent authority for that trading venue with any information it receives from M under paragraph (1).