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).