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 7A.2 Purpose


1The purpose of this chapter is to implement article 17 of MiFID, which imposes requirements on investment firms which are:

  1. (1)

    engaging in algorithmic trading; or

  2. (2)

    providing the service of DEA to a trading venue; or

  3. (3)

    providing the service of acting as a general clearing member for another person.

[Note: related requirements imposed under article 48 of MiFID upon trading venues, in respect of members and participants engaging in algorithmic trading and providing the service of DEA, are transposed in REC 2, MAR 5 and MAR 5A]