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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 6
- Regulation 42
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Changes over time for: Section 42
Version Superseded: 31/12/2020
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- 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 ESMA about multilateral trading facilities etcU.K.
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42.—(1) The FCA must notify ESMA when a recognised investment exchange is permitted to operate a multilateral trading facility or an organised trading facility (as defined by Article 4.1.23 (definitions) of the markets in financial instruments directive) under F1... Part 18 of the Act.
(2) If an investment firm, credit institution, or recognised investment exchange provides the FCA with any of the information specified in paragraph (3) about a multilateral trading facility operated by the firm, institution, or exchange the FCA must, on request, give the information to ESMA.
(3) The specified information for the purposes of paragraph (2) is—
(a)a detailed description of the functioning of the facility;
(b)any links to another trading venue owned by the same exchange or to a systematic internaliser owned by the same exchange; and
(c)a list of the facility's members, participants and users.
(4) The FCA must as soon as reasonably practicable notify ESMA if the FCA—
(a)registers a multilateral trading facility operated by a recognised investment exchange, credit institution, or recognised investment exchange as an SME growth market for the purposes of Article 33 (SME growth markets) of the markets in financial instruments directive; or
(b)deregisters such a facility as an SME growth market.
(5) In this regulation “SME growth market” has the same meaning as in Article 4.1.12 (definitions) of the markets in financial instruments directive.
Textual Amendments
F1Word in reg. 42(1) 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), 31
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