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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.

You are viewing the version of the document as on 2021-01-01.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

Article 6 Additional information to be provided on OTFs

In addition to Article 2, a relevant operator operating an OTF shall provide the competent authority with the following information:

  1. (a)

    information on whether another investment firm is engaged to carry out market making on its OTF on an independent basis in accordance with UK law corresponding to Article 20(5) of Directive 2014/65/EU;

  2. (b)

    a detailed description of how and under what circumstances it executes orders on the OTF on a discretionary basis in accordance with UK law corresponding to Article 20(6) of Directive 2014/65/EU;

  3. (c)

    the rules, procedures and protocols which allow the operator to route the trading interest of a member or participant outside the facilities of the OTF;

  4. (d)

    a description of the use of matched principal trading which complies with UK law corresponding to Article 20(7) of Directive 2014/65/EU;

  5. (e)

    the rules and procedures to ensure compliance with UK law corresponding to Articles 24, 25, 27 and 28 of Directive 2014/65/EU for transactions concluded on the OTF where those rules are applicable to the relevant operator in relation to an OTF user.