Home FCA Handbook MAR MAR 5 MAR 5.4 Finalisation of transactions
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MAR 5.4 Finalisation of transactions

03/01/2018R

A firm must:

  1. (1)

    clearly inform its users of their respective responsibilities for the settlement of transactions executed in itsMTF; and

  2. (2)

    have in place the arrangements necessary to facilitate the efficient settlement of the transactions concluded under its systems.

[Note: articles 18(6) and 19(3)(b) of MiFID]

[Note: in relation to derivative transactions, MiFID RTS 26 contains requirements on the systems for the clearing of such transactions]