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Status: You are viewing the version of the handbook as on 2019-01-31.

MAR 7A.1 Application

Who?

MAR 7A.1.1RRP

1This chapter applies to :

  1. (1)

    a UK MiFID investment firm; and

  2. (2)

    a third country investment firm, with an establishment in the United Kingdom.

What?

MAR 7A.1.2RRP

This chapter applies to a firm in relation to the following activities:

  1. (1)

    algorithmic trading (MAR 7A.3);

  2. (2)

    providing the service of DEA to a trading venue (MAR 7A.4); and

  3. (3)

    providing the service of acting as a general clearing member for another person (MAR 7A.5).

[Note: this chapter transposes article 17 of MiFID, in respect of the types of firms referred to above. Parts 4 of the MiFI Regulations sets out equivalent requirements in respect of persons exempt under article 2(1)(a), (e), (i) and (j) of MiFID, which are required to comply with article 17(1) to (6) of MiFID due to article 1(5) of MiFID.]

Status of EU provisions as rules in certain instances

MAR 7A.1.3GRP

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.