(1) A systematic internaliser in shares admitted to trading on a regulated market -
(a) shall publish a firm quote for any of the shares for which -
(i) there is a liquid market, and
(ii) it is a systematic internaliser, and
(b) shall disclose quotes to the systematic internaliser's clients on request for any of the shares for which there is no liquid market.
(2) This Regulation -
(a) applies to systematic internalisers when dealing in shares for sizes up to and including standard market size, and
(b) does not apply to systematic internalisers that only deal in shares for sizes above standard market size.
(3) A systematic internaliser -
(a) may decide the size of a share or the sizes of shares at which the systematic internaliser will quote,
(b) in quoting for a particular share, shall -
(i) include a firm bid, an offer price or offer prices for any size or sizes up to and including the standard market size for the class of shares to which the share belongs, and
(ii) ensure that t