Section 31

If a member of, or participant in, a regulated market or multilateral trading facility (“M”) is subject to the requirements set out in regulation 30 the FCA may require M to provide the information specified in paragraph (2) on a regular or ad hoc basis. The specified information for the purposes of paragraph (1) is— a description of the nature of M's algorithmic trading strategies; details of the trading parameters or limits to which M's trading systems are subject; information concerning the compliance and risk controls M has in place to ensure M meets any requirements imposed on M by regulation 30(2) to (4) (“M's compliance and risk controls”); details of M's testing of M's systems ... for the purposes of regulation 30(5); any records M keeps for the purposes of regulation 30(8) and (9); and any further information about M's algorithmic trading and systems used for that trading. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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