The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 No. 126

SCHEDULE 2 AMENDMENTS OF PART 18 OF THE ACT

3.  In section 287 (application by an investment exchange)—

(a) in subsection (3), after paragraph (b) insert—

“;

(c) a programme of operations which includes the types of business the applicant proposes to undertake and the applicant’s proposed organisational structure;

(d) such particulars of the persons who effectively direct the business and operations of the exchange as the Authority may reasonably require;

(e) such particulars of the ownership of the exchange, and in particular of the identity and scale of interests of the persons who are in a position to exercise significant influence over the management of the exchange, whether directly or indirectly, as the Authority may reasonably require.”;

(b) after subsection (3) insert—

“(4) Subsection (3)(c) to (e) does not apply to an application by an overseas applicant.”.