Chapter 2: Trading Venues
1 Where do you think the regulatory perimeter for trading venues needs to be clarified?
2 Do you think it would be more appropriate for changes to be made to the definition of a multilateral system in legislation, or for the application of the existing definition to be clarified through FCA guidance?
3 Should the current restrictions on matched principal trading by a multilateral trading facility (MTF) be retained?
4 Should the current restrictions on the operation of an SI within the same legal entity of an organised trading facility (OTF) be retained?
5 If you answered no to question 4:
Should new rules and disclosures be introduced to address the specific conflicts that MTFs and OTFs would be exposed to when providing matched principle trading (MPT) or operating a systematic internaliser (SI) ?
6 Do you think that OTFs should be allowed to execute transactions in packages involving derivatives and equities under their rules and systems?
7 What would be the
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