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.

REC 3.25 Significant breaches of rules and disorderly trading conditions

REC 3.25.1RRP

1A UK RIE 5 and a RAP6 must immediately notify the FCA 3of:

23
  1. (1)

    significant breaches of its rules; or

  2. (2)

    disorderly trading conditions on any of its marketsor auctions; or4

    2
  3. (3)

    4conduct that may indicate behaviour prohibited under the Market Abuse Regulation; or

  4. (4)

    4system disruptions in relation to a financial instrument.

[Note:article 31(2)4, first sentence (part) andarticle 54(2)4, first sentence (part) of MiFID. The rest of article 31(2)4, first sentence (in so far as it relates to market operators operating an MTF or OTF4) and article 54(2)4, first sentence of MiFID is implemented by REC 3.21.1 R (2)]