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MAR 5.1 Application1

[Note: ESMA has also issued guidelines under article 16(3) of the ESMA Regulation covering various topics relating to automated trading and direct electronic access.

See www.esma.europa.eu/system/files/esma_2012_122_en.pdf]
MAR 5.1.1R

1This chapter applies to:

(1)

a UK domestic firm which operates an MTF from an establishment in the United Kingdom or elsewhere; or

(2)

an overseas firm which operates an MTF from an establishment in the United Kingdom.

MAR 5.1.2R

In this chapter, provisions marked "EU" apply to an overseas firm as if they were rules.1