(1) The market operator of a regulated market shall provide all information, including a programme of operations setting out, inter alia, the types of business envisaged and the organisational structure, necessary to enable the Bank to satisfy itself that the regulated market has established, at the time of initial authorisation, all the necessary arrangements to meet its obligations under this Part.
(2) The market operator of a regulated market shall perform tasks relating to the organisation and operation of the regulated market under the supervision of the Bank.
(3) The market operator of a regulated market -
(a) is responsible for ensuring that the regulated market operated by the market operator is in compliance with this Part, and
(b) is entitled to exercise the rights conferred by these Regulations in respect of the regulated market.