Schedule 3, paragraph 3G

The exchange must adopt tick size regimes in respect of trading venues operated by it in— shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments traded on each trading venue; and any financial instrument for which regulatory technical standards are adopted by the European Commission pursuant to Article 49.3 or 4 of the markets in financial instruments directive which is traded on that trading venue. The tick size regime must— be calibrated to reflect the liquidity profile of the financial instrument in different markets and the average bid-ask spread taking into account the desirability of enabling reasonably stable prices without unduly constraining further narrowing of spreads; and adapt the tick size for each financial instrument appropriately. The tick size regime must comply with any regulatory technical standards adopted by the European Commission pursuant to Article 49.3 or 4 of the markets in financial instruments directive.

← 3F · All articles · 1 →

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