PART 2Authorisation of Data Reporting Services

Prohibition on the provision of a data reporting service3

1

A person must not provide a data reporting service in the United Kingdom as a regular occupation or business unless the person is—

a

acting in accordance with an authorisation to provide that data reporting service granted under these Regulations;

b

an investment firm which is operating a UK multilateral trading facility or a UK organised trading facility where the FCA has verified under these Regulations that the firm complies with these Regulations in respect of the data reporting service concerned;

c

a credit institution which is operating a UK multilateral trading facility or a UK organised trading facility where the FCA has verified under these Regulations that the institution complies with these Regulations in respect of the data reporting service concerned; or

d

a recognised investment exchange operating a trading venue where the FCA has verified under these Regulations that the exchange complies with these Regulations in respect of the data reporting service concerned.

2

A person who breaches a prohibition imposed by paragraph (1) is to be taken to have contravened a requirement imposed on it under these Regulations.

3

In this regulation, “trading venue” has the meaning given in Article 2(1)(16) of the markets in financial instruments regulation.