Section 11(2)

After section 300G (section 300F: rules in relation to overseas FMI entities) (inserted by section 9) insert— The FCA may make such rules applying to recognised UK investment exchanges or data reporting service providers— as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives. with respect to the carrying on by them of relevant activities, or with respect to the carrying on by them of an activity which is not a relevant activity, In this section “relevant activity”— in relation to a recognised UK investment exchange, means a regulated activity described in section 285(2); in relation to a data reporting service provider, means providing a data reporting service. Rules under this section may include— provision applying to a recognised UK investment exchange or data reporting service provider even though there is no relationship between that person and the persons whose interests will be protected by the rules; requirements which take into account, in the case of a recognised UK investment exchange or data reporting service provider which is a member of a group, any activity of another member of the group. Rules under this section may not modify, amend or revoke any retained direct EU legislation (except retained direct EU legislation which takes the form of FCA rules). In this section— “data reporting service” and “data reporting service provider” have the meanings given by regulation 2 of the Data Reporting Services Regulations 2017 (S.I. 2017/699); “recognised UK investment exchange” means a recognised investment exchange that is not an overseas investment exchange as defined in section 313(1).

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