(1) The FCA must notify ESMA when a recognised investment exchange is permitted to operate a multilateral trading facility or an organised trading facility (as defined by Article 4.1.23 (definitions) of the markets in financial instruments directive) under Part 18 of the Act.
(2) If an investment firm, credit institution, or recognised investment exchange provides the FCA with any of the information specified in paragraph (3) about a multilateral trading facility operated by the firm, institution, or exchange the FCA must, on request, give the information to ESMA.
(3) The specified information for the purposes of paragraph (2) is -
(a) a detailed description of the functioning of the facility;
(b) any links to another trading venue owned by the same exchange or to a systematic internaliser owned by the same exchange; and
(c) a list of the facility's members, participants and users.
(4) The FCA must as soon as reasonably practicable notify ESMA if the FCA -