Schedule 3, paragraph 9ZC

The rules of the exchange about access to, or membership of, a regulated market operated by it must permit the exchange to give access to or admit to membership (as the case may be) only— 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 exchange's arrangements under paragraph 4(2)(d).

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