REC 3.14A Operation of a regulated market or MTF

Where a UK RIE proposes to operate a new regulated market or close an existing regulated market it must give the FCA 3notice of that event and the information specified for the purposes of this rule in REC 3.14A.3 R, at the same time as that proposal is first formally communicated to its members or shareholders (or any group or class of them).

The following information is specified for the purposes of REC 3.14A.2 R:

1. (1)

   where the UK RIE proposes to operate a new regulated market:

   1. (a)

      a description of the regulated market; and

   2. (b)

      a description of the specified investments which will be admitted to trading on that regulated market.

2. (2)

   where the UK RIE proposes to close a regulated market, the name of that regulated market.

Where a UK RIE proposes to operate a new MTF or close an existing MTF it must give the FCA 3notice of that event and the information specified for the purposes of this rule in REC 3.14A.5 R, at the same time as that proposal is first formally communicated to its members or shareholders (or any group or class of them).

The following information is specified for the purposes of REC 3.14A.4 R:

1. (1)

   where the UK RIE proposes to operate a new MTF:

   1. (a)

      a description of the MTF; and

   2. (b)

      a description of the specified investments which will be admitted to trading on that MTF.

1. (2)

   where the UK RIE proposes to close a MTF, the name of that MTF.