Systematic internalisers’ quotes, price improvements on those quotes and execution prices shall comply with tick sizes set in accordance with [F3paragraph 3G of Schedule 1 to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001, as if that paragraph applied to the systemic internaliser in the course of its operations as such and sub-paragraph (1A) were omitted].
Application of tick sizes shall not prevent systematic internalisers matching orders F4... at mid‐point within the current bid and offer prices.]
Textual Amendments
F2Inserted by Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (Text with EEA relevance).
F3Words in Art. 17a substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 28(4A) (with savings in S.I. 2019/680, reg. 11) (as inserted by S.I. 2020/1385, regs. 1(4), 49(3)); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in Art. 17a omitted (29.8.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 9 (with s. 2(3)); S.I. 2023/779, reg. 4(zz)(i)(bb)
Textual Amendments