- Latest available (Revised)
- Original (As made)
The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001
You are here:
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes over time for: Paragraph 9ZB
Alternative versions:
Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Schedule Paragraph 9ZB:
- Title words substituted by S.I. 2017/1064 reg. 4(2)
- Sch. para. 9J and cross-heading inserted by S.I. 2017/1064 reg. 4(6)(a)
- Sch. para. 31A and cross-heading inserted by S.I. 2017/1064 reg. 4(6)(d)
- Sch. Pt. 7 inserted by S.I. 2017/1064 reg. 4(6)(e)
- Sch. para. 2B(7) inserted by S.I. 2019/662 reg. 20(2)(b)
- Sch. para. 7B(4) omitted by S.I. 2019/662 reg. 20(7)(b)
- Sch. para. 7C(3) omitted by S.I. 2019/662 reg. 20(9)
- Sch. para. 21A(2) omitted by S.I. 2019/662 reg. 20(19)
- Sch. para. 31(2) omitted by S.I. 2019/662 reg. 20(20)
- Sch. para. 38(2) omitted by S.I. 2019/662 reg. 20(23)
- Sch. para. 4C omitted by S.I. 2021/774 reg. 2(2)
- Sch. para. 9F(6)(c) omitted by S.I. 2021/774 reg. 2(4)(a)
- Sch. para. 9F(6)(d) omitted by S.I. 2021/774 reg. 2(4)(a)
- Sch. para. 9I(a) omitted by S.I. 2024/107 reg. 32
- Sch. para. 9I(c) omitted by S.I. 2024/107 reg. 32
- Sch. para. 7BA revoked by 2023 c. 29 Sch. 2 para. 50(a)
- Sch. para. 3C(a)(i) substituted by S.I. 2019/662 reg. 20(4)(a)(i)
- Sch. para. 3C(a)(ii) substituted by S.I. 2019/662 reg. 20(4)(a)(ii)
- Sch. para. 3C(a)(iii) substituted by S.I. 2019/662 reg. 20(4)(a)(iii)
- Sch. para. 3G(1)(b) substituted by S.I. 2019/662 reg. 20(5)(a)
- Sch. para. 3G(3) substituted by S.I. 2019/662 reg. 20(5)(b)
- Sch. para. 7BB(4)(b) substituted by S.I. 2019/662 reg. 20(8)(b)(ii)
- Sch. para. 7BB(4)(c) substituted by S.I. 2019/662 reg. 20(8)(b)(iii)
- Sch. para. 9ZC(a) substituted by S.I. 2019/662 reg. 20(12)(a)
- Sch. para. 9ZC(b) substituted by S.I. 2019/662 reg. 20(12)(b)
- Sch. para. 9A(2) substituted by S.I. 2019/662 reg. 20(13)
- Sch. para. 9C(a) substituted by S.I. 2019/662 reg. 20(14)(a)
- Sch. para. 9C(b) substituted by S.I. 2019/662 reg. 20(14)(b)
- Sch. para. 40(1)(a)(b) substituted by S.I. 2019/662 reg. 20(25)
- Sch. para. 9(6)(d)(e) substituted for Sch. para. 9(6)(d) by S.I. 2019/662 reg. 20(10)(b)
- Sch. para. 9(6)(c) word omitted by S.I. 2019/662 reg. 20(10)(a)
- Sch. para. 2B(1)(a) words inserted by S.I. 2019/662 reg. 3
- Sch. para. 3C(c) words inserted by S.I. 2019/662 reg. 20(4)(b)(i)
- Sch. para. 3C(c) words inserted by S.I. 2019/662 reg. 20(4)(b)(ii)
- Sch. para. 9E(1) words inserted by S.I. 2019/662 reg. 20(15)(b)
- Sch. para. 9F(9) words inserted by S.I. 2019/662 reg. 20(16)(c)
- Sch. para. 2B(2)(b)(ii) words omitted by S.I. 2019/662 reg. 20(2)(a)
- Sch. para. 3C(a)(iv) words omitted by S.I. 2019/662 reg. 20(4)(a)(iv)
- Sch. para. 7BB(5) words omitted by S.I. 2019/662 reg. 20(8)(c)
- Sch. para. 9ZB(6) words omitted by S.I. 2019/662 reg. 20(11)(b)
- Sch. para. 9E(1) words omitted by S.I. 2019/662 reg. 20(15)(a)
- Sch. para. 9F(3) words omitted by S.I. 2019/662 reg. 20(16)(a)
- Sch. para. 3B(4) words substituted by S.I. 2019/662 reg. 20(3)
- Sch. para. 3H words substituted by S.I. 2019/662 reg. 20(6)
- Sch. para. 7B(2) words substituted by S.I. 2019/662 reg. 20(7)(a)
- Sch. para. 7BB(2)(a) words substituted by S.I. 2019/662 reg. 20(8)(a)
- Sch. para. 7BB(4)(a) words substituted by S.I. 2019/662 reg. 20(8)(b)(i)
- Sch. para. 9ZB(6) words substituted by S.I. 2019/662 reg. 20(11)(a)
- Sch. para. 9F(6) words substituted by S.I. 2019/662 reg. 20(16)(b)
- Sch. para. 9F(11) words substituted by S.I. 2019/662 reg. 20(16)(d)(i)
- Sch. para. 9F(11) words substituted by S.I. 2019/662 reg. 20(16)(d)(ii)
- Sch. para. 9I words substituted by S.I. 2019/662 reg. 20(17)
- Sch. para. 9J(1) words substituted by S.I. 2019/662 reg. 20(18)
- Sch. para. 31A(1) words substituted by S.I. 2019/662 reg. 20(21)
- Sch. para. 37 words substituted by S.I. 2019/662 reg. 20(22)
- Sch. para. 39(1) words substituted by S.I. 2019/662 reg. 20(24)
- Sch. para. 9A(2)(a)(i) words substituted by S.I. 2021/774 reg. 2(3)
- Sch. para. 9F(9) words substituted by S.I. 2021/774 reg. 2(4)(b)
- Sch. para. 9(6)(e) words substituted in earlier amending provision S.I. 2019/662, reg. 20(10)(b) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(ii)
- Sch. para. 9ZB(6) words substituted in earlier amending provision S.I. 2019/662, reg. 20(11) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(iii)
- Sch. para. 9A(2) words substituted in earlier amending provision S.I. 2019/662, reg. 20(13) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(iv)
- Sch. para. 9E(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(15)(b) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(v)
- Sch. para. 9F(9) words substituted in earlier amending provision S.I. 2019/662, reg. 20(16)(c) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(vi)
- Sch. para. 9J(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(18) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(vii)
- Sch. para. 31A(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(21) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(viii)
- Sch. para. 37 words substituted in earlier amending provision S.I. 2019/662, reg. 20(22) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(ix)
- Sch. para. 39(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(24) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(x)
- Sch. para. 40(1)(a)(b) words substituted in earlier amending provision S.I. 2019/662, reg. 20(25) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(xi)
- Sch. para. 3C(c) words substituted in earlier amending provision S.I. 2019/662, reg. 20(4)(b)(i)(ii) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(i)
- Sch. 1 para. 3G(1A) inserted by S.I. 2020/117 reg. 4(3)
- Sch. 1 para. 3G(1) words substituted by S.I. 2020/117 reg. 4(2)
- reg. 3(1B) inserted by S.I. 2019/662 reg. 19(3)
- reg. 3(1B) words substituted in earlier amending provision S.I. 2019/662, reg. 19(3) by S.I. 2020/1301 reg. 3 Sch. para. 37(f)
- reg. 5B inserted by S.I. 2017/1064 reg. 4(4)
- reg. 6(4) inserted by S.I. 2017/1064 reg. 4(5)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Title words substituted by S.I. 2017/1064 reg. 4(2)
- Sch. para. 9J and cross-heading inserted by S.I. 2017/1064 reg. 4(6)(a)
- Sch. para. 31A and cross-heading inserted by S.I. 2017/1064 reg. 4(6)(d)
- Sch. Pt. 7 inserted by S.I. 2017/1064 reg. 4(6)(e)
- Sch. para. 2B(7) inserted by S.I. 2019/662 reg. 20(2)(b)
- Sch. para. 7B(4) omitted by S.I. 2019/662 reg. 20(7)(b)
- Sch. para. 7C(3) omitted by S.I. 2019/662 reg. 20(9)
- Sch. para. 21A(2) omitted by S.I. 2019/662 reg. 20(19)
- Sch. para. 31(2) omitted by S.I. 2019/662 reg. 20(20)
- Sch. para. 38(2) omitted by S.I. 2019/662 reg. 20(23)
- Sch. para. 4C omitted by S.I. 2021/774 reg. 2(2)
- Sch. para. 9F(6)(c) omitted by S.I. 2021/774 reg. 2(4)(a)
- Sch. para. 9F(6)(d) omitted by S.I. 2021/774 reg. 2(4)(a)
- Sch. para. 9I(a) omitted by S.I. 2024/107 reg. 32
- Sch. para. 9I(c) omitted by S.I. 2024/107 reg. 32
- Sch. para. 7BA revoked by 2023 c. 29 Sch. 2 para. 50(a)
- Sch. para. 3C(a)(i) substituted by S.I. 2019/662 reg. 20(4)(a)(i)
- Sch. para. 3C(a)(ii) substituted by S.I. 2019/662 reg. 20(4)(a)(ii)
- Sch. para. 3C(a)(iii) substituted by S.I. 2019/662 reg. 20(4)(a)(iii)
- Sch. para. 3G(1)(b) substituted by S.I. 2019/662 reg. 20(5)(a)
- Sch. para. 3G(3) substituted by S.I. 2019/662 reg. 20(5)(b)
- Sch. para. 7BB(4)(b) substituted by S.I. 2019/662 reg. 20(8)(b)(ii)
- Sch. para. 7BB(4)(c) substituted by S.I. 2019/662 reg. 20(8)(b)(iii)
- Sch. para. 9ZC(a) substituted by S.I. 2019/662 reg. 20(12)(a)
- Sch. para. 9ZC(b) substituted by S.I. 2019/662 reg. 20(12)(b)
- Sch. para. 9A(2) substituted by S.I. 2019/662 reg. 20(13)
- Sch. para. 9C(a) substituted by S.I. 2019/662 reg. 20(14)(a)
- Sch. para. 9C(b) substituted by S.I. 2019/662 reg. 20(14)(b)
- Sch. para. 40(1)(a)(b) substituted by S.I. 2019/662 reg. 20(25)
- Sch. para. 9(6)(d)(e) substituted for Sch. para. 9(6)(d) by S.I. 2019/662 reg. 20(10)(b)
- Sch. para. 9(6)(c) word omitted by S.I. 2019/662 reg. 20(10)(a)
- Sch. para. 2B(1)(a) words inserted by S.I. 2019/662 reg. 3
- Sch. para. 3C(c) words inserted by S.I. 2019/662 reg. 20(4)(b)(i)
- Sch. para. 3C(c) words inserted by S.I. 2019/662 reg. 20(4)(b)(ii)
- Sch. para. 9E(1) words inserted by S.I. 2019/662 reg. 20(15)(b)
- Sch. para. 9F(9) words inserted by S.I. 2019/662 reg. 20(16)(c)
- Sch. para. 2B(2)(b)(ii) words omitted by S.I. 2019/662 reg. 20(2)(a)
- Sch. para. 3C(a)(iv) words omitted by S.I. 2019/662 reg. 20(4)(a)(iv)
- Sch. para. 7BB(5) words omitted by S.I. 2019/662 reg. 20(8)(c)
- Sch. para. 9ZB(6) words omitted by S.I. 2019/662 reg. 20(11)(b)
- Sch. para. 9E(1) words omitted by S.I. 2019/662 reg. 20(15)(a)
- Sch. para. 9F(3) words omitted by S.I. 2019/662 reg. 20(16)(a)
- Sch. para. 3B(4) words substituted by S.I. 2019/662 reg. 20(3)
- Sch. para. 3H words substituted by S.I. 2019/662 reg. 20(6)
- Sch. para. 7B(2) words substituted by S.I. 2019/662 reg. 20(7)(a)
- Sch. para. 7BB(2)(a) words substituted by S.I. 2019/662 reg. 20(8)(a)
- Sch. para. 7BB(4)(a) words substituted by S.I. 2019/662 reg. 20(8)(b)(i)
- Sch. para. 9ZB(6) words substituted by S.I. 2019/662 reg. 20(11)(a)
- Sch. para. 9F(6) words substituted by S.I. 2019/662 reg. 20(16)(b)
- Sch. para. 9F(11) words substituted by S.I. 2019/662 reg. 20(16)(d)(i)
- Sch. para. 9F(11) words substituted by S.I. 2019/662 reg. 20(16)(d)(ii)
- Sch. para. 9I words substituted by S.I. 2019/662 reg. 20(17)
- Sch. para. 9J(1) words substituted by S.I. 2019/662 reg. 20(18)
- Sch. para. 31A(1) words substituted by S.I. 2019/662 reg. 20(21)
- Sch. para. 37 words substituted by S.I. 2019/662 reg. 20(22)
- Sch. para. 39(1) words substituted by S.I. 2019/662 reg. 20(24)
- Sch. para. 9A(2)(a)(i) words substituted by S.I. 2021/774 reg. 2(3)
- Sch. para. 9F(9) words substituted by S.I. 2021/774 reg. 2(4)(b)
- Sch. para. 9(6)(e) words substituted in earlier amending provision S.I. 2019/662, reg. 20(10)(b) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(ii)
- Sch. para. 9ZB(6) words substituted in earlier amending provision S.I. 2019/662, reg. 20(11) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(iii)
- Sch. para. 9A(2) words substituted in earlier amending provision S.I. 2019/662, reg. 20(13) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(iv)
- Sch. para. 9E(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(15)(b) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(v)
- Sch. para. 9F(9) words substituted in earlier amending provision S.I. 2019/662, reg. 20(16)(c) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(vi)
- Sch. para. 9J(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(18) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(vii)
- Sch. para. 31A(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(21) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(viii)
- Sch. para. 37 words substituted in earlier amending provision S.I. 2019/662, reg. 20(22) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(ix)
- Sch. para. 39(1) words substituted in earlier amending provision S.I. 2019/662, reg. 20(24) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(x)
- Sch. para. 40(1)(a)(b) words substituted in earlier amending provision S.I. 2019/662, reg. 20(25) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(xi)
- Sch. para. 3C(c) words substituted in earlier amending provision S.I. 2019/662, reg. 20(4)(b)(i)(ii) by S.I. 2020/1301 reg. 3 Sch. para. 37(g)(i)
- Sch. 1 para. 3G(1A) inserted by S.I. 2020/117 reg. 4(3)
- Sch. 1 para. 3G(1) words substituted by S.I. 2020/117 reg. 4(2)
- reg. 3(1B) inserted by S.I. 2019/662 reg. 19(3)
- reg. 3(1B) words substituted in earlier amending provision S.I. 2019/662, reg. 19(3) by S.I. 2020/1301 reg. 3 Sch. para. 37(f)
- reg. 5B inserted by S.I. 2017/1064 reg. 4(4)
- reg. 6(4) inserted by S.I. 2017/1064 reg. 4(5)
[F19ZB.—(1) The rules of the exchange must ensure that all—U.K.
(a)financial instruments admitted to trading on a regulated market operated by it are capable of being traded in a fair, orderly and efficient manner;
(b)transferable securities admitted to trading on a regulated market operated by it are freely negotiable; and
(c)contracts for derivatives admitted to trading on a regulated market operated by it are designed so as to allow for their orderly pricing as well as for the existence of effective settlement conditions.
(2) The rules of the exchange must provide that where it, without obtaining the consent of the issuer, admits to trading on a regulated market operated by it a transferable security which has been admitted to trading on another regulated market the exchange—
(a)must inform the issuer of that security as soon as is reasonably practicable; and
(b)may not require the issuer of that security to demonstrate compliance with the disclosure obligations.
(3) The exchange must maintain effective arrangements to verify that issuers of transferable securities admitted to trading on a regulated market operated by it comply with the disclosure obligations.
(4) The exchange must maintain arrangements to assist members of or participants in a regulated market operated by it to obtain access to information made public under the disclosure obligations.
(5) The exchange must maintain arrangements to review regularly whether financial instruments admitted to trading on a regulated market operated by it comply with the admission requirements for those instruments.
(6) In this paragraph—
“the disclosure obligations” are the initial, ongoing and ad hoc disclosure requirements contained in—
(a)
Articles 17, 18 and 19 of the market abuse regulation;
(b)
Articles 3, 5, 7, 8, 14 and 16 of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectuses to be published when securities are offered to the public or admitted to trading;
(c)
Articles 4 to 6, 14 and 16 to 19 of Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 relating to the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market; and
(d)
EU legislation made under the provisions mentioned in paragraphs (a) to (c);
and the legislation referred to in paragraphs (b) and (c) is given effect—
(a)in the United Kingdom by Part 6 of the Act and Part 6 rules (within the meaning of section 73A of the Act); or
(b)in another EEA State by legislation transposing the relevant Articles in that State.]
Textual Amendments
F1Sch. paras. 9ZA-9ZD and cross-headings inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes) 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(15) (with reg. 7)
Options/Help
Print Options
PrintThe Whole Instrument
PrintThe Whole Schedule
PrintThe Whole Part
PrintThe Whole Cross Heading
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.