Regulated market - FCA Rulebook Term: Difference between revisions

← Older edit

Regulated market - FCA Rulebook Term (view source)

Revision as of 09:43, 15 March 2019

2 bytes added , 15 March 2019

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,882

edits

@@ Line 1: / Line 1: @@
-{{a|cobs|}}[http://fshandbook.info/FS/glossary-html/handbook/Glossary/R?definition=G978 FCA definition of Regulated Market]
+{{a|cobs|}}{{update|MiFID 2}}
+[http://fshandbook.info/FS/glossary-html/handbook/Glossary/R?definition=G978 FCA definition of Regulated Market]
 :''(1) a multilateral system operated and/or managed by a market operator, which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments - in the system and in accordance with its non-discretionary rules - in a way that results in a contract, in respect of the financial instruments admitted to trading under its rules and/or systems, and which is authorised and functions regularly and in accordance with the provisions of Title III of MiFID.'' <br>
-{{update|MiFID 2}}Interesting if you are trying to work out whether a client must give permission for execute transactions outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}} - see {{tag|COBS}} {{cobsprov|11.2.26}}. It will be limited to markets operating inside the {{tag|European Union}} that is authorised under Title III of {{tag|MiFID}}. This means if your product is only admitted to trading on a market outside the {{tag|European Union}}, then you will not need to get permission to handle orders outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}}.
+Interesting if you are trying to work out whether a client must give permission for execute transactions outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}} - see {{tag|COBS}} {{cobsprov|11.2.26}}. It will be limited to markets operating inside the {{tag|European Union}} that is authorised under Title III of {{tag|MiFID}}. This means if your product is only admitted to trading on a market outside the {{tag|European Union}}, then you will not need to get permission to handle orders outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}}.