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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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312C. Exercise of passport rights by recognised investment exchange

Omitted from 31 December 2020

(1) Subject to subsection (4), a recognised investment exchange may, in pursuance of the right under the applicable provision, make arrangements in an EEA State (other than the United Kingdom) to facilitate access to, or use of, a trading venue operated by the exchange ("the relevant arrangements").

(2) The exchange must give the FCA written notice of its intention to make the relevant arrangements which -

(a) describes the arrangements, and

(b) identifies the EEA State in which it intends to make them.

(3) The FCA must, within one month of receiving a notice under subsection (2), send a copy of it to the host state regulator.

(4) The exchange may not make the relevant arrangements until the FCA has complied with subsection (3).

(5) Subsection (6) applies if the FCA receives a request for information -

(a) under the second sub-paragraph of Article 34.7 of the markets in financial instruments directive (in the case of relevant arrangements relating to a multilateral trading facilit

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