Systematic internalisers’ quotes, price improvements on those quotes and execution prices shall comply with tick sizes set in accordance with paragraph 3G of Schedule 1 to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001 [S.I. 2001/995, paragraph 3G inserted by S.I. 2017/701 and amended by S.I. 2019/662 and 2020/117.], as if that paragraph applied to the systemic internaliser in the course of its operations as such and sub-paragraph (1A) were omitted.
Application of tick sizes shall not prevent systematic internalisers matching orders at mid-point within the current bid and offer prices.