SCHEDULE
PART IRecognition requirements for investment exchanges
F1Specific requirements for multilateral trading facilities: execution of orders
9B.
(1)
An exchange must have non-discretionary rules for the execution of orders on a multilateral trading facility operated by it.
(2)
An exchange must not on a multilateral trading facility operated by it—
(a)
execute any client orders against its proprietary capital; or
(b)
engage in matched principal trading.