MAR 6.2 Purpose

MAR 6.2.1 G

The purpose of this chapter is to implement article 27(3)1 of MiFID, which deals with the requirements on systematic internalisers to make available to the public data relating to the quality of execution of transactions1. It also provides a rule (MAR 6.4.1R)1 requiring investment firms to notify the FCA when they become, or cease to be, a systematic internaliser, and which gives effect to articles 15(1) and 18(4)1 of MiFIR. Finally, MAR 6.4A.1R makes clear that a firm is not subject to the publication obligations of article 18 of MiFIR if it satisfies the conditions set out in that rule.1