Schedule 3, paragraph 9C

The rules of the exchange about access to, or membership of, a multilateral trading facility operated by it must permit the exchange to give access to or admit to membership (as the case may be) only to— an investment firm authorised under Article 5 of the markets in financial instruments directive; a credit institution authorised in accordance with the capital requirements directive; or a person who— is of sufficient good repute; has a sufficient level of trading ability, competence and experience; where applicable, has adequate organisational arrangements; and has sufficient resources for the role it is to perform, taking account of the financial arrangements the exchange has established in order to guarantee the adequate settlement of transactions.

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