Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

MAR 6.1 Application

Who and what?

MAR 6.1.1 R RP

MAR 6.3A (Quality of execution) and MAR 6.4A (Quotes in respect of non-equity instruments) apply to the following firms when dealing in the United Kingdom:2

1
  1. (1)

    a MiFID investment firm which is a systematic internaliser2; or

  2. (2)

    a third country investment firm which is a systematic internaliser2.

[Note: article 35(8) of MiFID]2

MAR 6.1.2 R RP

The systematic internaliser reporting requirement in MAR 6.4.1 R applies to an investment firm which is authorised by the FCA .

[Note: articles 15(1) and 18(4) of MiFIR]2

Status of EU provisions as rules in certain instances

MAR 6.1.3 R

[deleted]2

MAR 6.1.4 R RP

2 GEN 2.2.22AR applies to ensure that a third country investment firm should not be treated in a more favourable way than an EEA firm.