SCHEDULE U.K.

PART I U.K. Recognition requirements for investment exchanges

[F1 Specific requirements for regulated markets: access to a regulated market U.K.

Textual Amendments

F1 Sch. paras. 9ZA-9ZD and cross-headings inserted (29.6.2017 for specified purposes, 3.7.2017 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)

9ZC.   The rules of the exchange about access to, or membership of, a regulated market operated by it must permit the exchange to give access to or admit to membership (as the case may be) only— U.K.

(a) an investment firm authorised under Article 5 of the markets in financial instruments directive;

(b) a credit institution authorised in accordance with the capital requirements directive; or

(c) a person who—

(i) is of sufficient good repute;

(ii) has a sufficient level of trading ability, competence and experience;

(iii) where applicable, has adequate organisational arrangements; and

(iv) has sufficient resources for the role it is to perform, taking account of the exchange's arrangements under paragraph 4(2)(d).]