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The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017
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- UK Statutory Instruments
- 2017 No. 701
- PART 4
- Regulation 31
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Changes over time for: Section 31
Version Superseded: 31/12/2020
Alternative versions:
- 29/06/2017- Amendment
- 02/01/2018- Amendment
- 21/07/2018
Point in time - 31/12/2020- Amendment
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Provision of information to the FCA concerning algorithmic tradingU.K.
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31.—[F1(1) If a member of, or participant in, a regulated market or multilateral trading facility (“M”) is subject to the requirements set out in regulation 30 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 [F2compliance and risk controls] M has in place to ensure M meets any requirements imposed on M by regulation 30(2) to (4) (“M's [F2compliance and risk controls]”);
(d)details of M's testing of M's systems F3... 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).
Textual Amendments
F1Reg. 31(1) substituted (2.1.2018) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(a), 27(a)
F2Words in reg. 31(2)(c) substituted (2.1.2018) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(a), 27(b)(i)
F3Words in reg. 31(2)(d) omitted (2.1.2018) by virtue of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(a), 27(b)(ii)
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