PART 4Algorithmic trading etc by members of trading venues covered by certain exemptions from the markets in financial instruments directive

Provision of information to the FCA concerning algorithmic trading31

1

If a member of, or participant in, a regulated market or multilateral trading facility (“M”)—

a

engages in algorithmic trading;

b

is subject to the requirements set out in regulation 30; and

c

M's home Member State is the United Kingdom;

the FCA may require (“M”) to provide the information specified in paragraph (2) on a regular or ad hoc basis.

2

The specified information for the purposes of paragraph (1) is—

a

a description of the nature of M's algorithmic trading strategies;

b

details of the trading parameters or limits to which M's trading systems are subject;

c

information concerning the systems and controls M has in place to ensure M meets any requirements imposed on M by regulation 30(2) to (4) (“M's systems and controls”);

d

details of M's testing of M's systems and controls for the purposes of regulation 30(5);

e

any records M keeps for the purposes of regulation 30(8) and (9); and

f

any further information about M's algorithmic trading and systems used for that trading.

3

If M is engaged in algorithmic trading on a trading venue in an EEA State other than the United Kingdom the FCA must, on request, provide the competent authority for that trading venue with any information it receives from M under paragraph (1).