uksi/2018/1403 — The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (revoked)

2018 No. 1403 Exiting The European Union Financial Services The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (revoked) Made 19th December 2018 Coming into force in accordance with regulation 1(2) and (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 1 General Citation and commencement 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 2 Amendment of secondary legislation: European Communities Act 1972 The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Data Reporting Services Regulations 2017 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 3 Amendment of secondary legislation: European Union (Withdrawal) Act 2018 CHAPTER 1 The Regulated Activities Order Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHAPTER 2 The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Introductory provisions 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exempt and third country investment firms 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Algorithmic trading 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Direct electronic access 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Acting as a general clearing member 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Synchronisation of business clocks 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation of Part 4 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Removal of persons from the management board 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Miscellaneous FCA functions 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Administration and Enforcement of Parts 3, 4 and 5 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHAPTER 3 The Data Reporting Services Regulations 2017 The Data Reporting Services Regulations 2017 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Introductory provisions 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Authorisation of data reporting services 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Temporary authorisation 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Operating requirements 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Administration and enforcement 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Miscellaneous 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 4 Amendment of EU Regulations CHAPTER 1 Amendment of Markets in Financial Instruments Regulation Markets in Financial Instruments Regulation 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subject matter and scope 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Definitions 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transparency for trading venues 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transparency for systematic internalisers and investment firms trading OTC 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transaction reporting 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Derivatives 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Non-discriminatory clearing access for financial instruments 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supervisory measures on product intervention and positions 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision of services and performance of activities by third-country firms following an equivalence decision 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Delegated and implementing acts 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Final provisions 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Professional clients 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfer of Functions 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHAPTER 2 Commission Delegated Regulation 2017/565 Commission Regulation 2017/565 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Application, scope and definitions 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Systematic internalisers 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Algorithmic trading and electronic access 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Organisation requirements 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Conflicts of interest 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investment research and marketing 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Underwriting and placing 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information to clients 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investment Advice 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Best execution 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Eligible counterparties 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Record-keeping 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SME growth market 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Operating obligations for trading venues 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Position reporting in commodity derivatives 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data provision obligations for data reporting service providers 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Final provisions 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annexes 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHAPTER 3 Commission Delegated Regulation 2017/567 Commission Delegated Regulation 2017/567 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Determining liquid markets for equity instruments 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data publication obligations for systematic internalisers 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supervisory measures on product intervention and position management 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .