(1) A systematic internaliser shall make public its quotes -
(a) on a regular and continuous basis during normal trading hours, and
(b) in a manner which is easily accessible to other market participants on a reasonable commercial basis.
(2) A systematic internaliser may -
(a) update its quotes at any time, and
(b) withdraw its quotes with the permission of the Bank and under exceptional market conditions.
(3) Without limiting the application of Regulation 106 to systematic internalisers, a systematic internaliser acting as such in relation to shares shall execute each order it receives from its clients at the quoted price at the time of reception of the order.
(4) However, a systematic internaliser may execute an order from a professional client at a better price in justified cases if that price -
(a) falls within a public range close to market conditions, and
(b) the order is larger than an order customarily undertaken by a retail investor.
(5) Notwithstanding paragraphs (3) and