Schedule 2, Part 1, paragraph 6

Article 14 (obligation for systematic internalisers to make public firm quotes in respect of shares etc) is amended as follows. In paragraph 6A, omit “referred to in Article 5(3A)”. After paragraph 6C insert— The reference in paragraph 6A to the “transitional period” is a reference to— the period of four years beginning with IP completion day; or the period ending on such day as the Treasury may direct, if that period ends earlier than the period mentioned in sub-paragraph (a). In deciding whether to issue a direction under paragraph 6D(b), the Treasury must take into account whether the FCA is able to carry out its functions relating to transparency under this Regulation and its implementing measures.

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Source: legislation.gov.uk · retrieved 2026-09-04