Amendment of the Financial Service and Markets Act 2000 (Markets in Financial Instruments) Regulations 20173
1
The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 20174 are amended as follows.
2
In sub-paragraph (1B)(c) of regulation 30 (algorithmic trading)—
a
for the words from the beginning to “the FCA” in the second place it occurs, substitute “P reports to the FCA under regulation 47”
;
b
for “this activity” substitute “P’s activity under paragraph (1A)(e)(i) and (ii)”
.
3
In regulation 47 (notifications, reports, and applications relating to the markets in financial instruments regulation)—
a
for the heading, substitute “Reports and applications”
;
b
omit paragraph (1)(a);
c
in paragraph (1)(b)—
i
omit “, for the purposes of the words after paragraph (ii) of sub-paragraph (e) of regulation 30(1A),”;
ii
omit “described in paragraphs (i) and (ii) of that sub-paragraph”.