(1) FSMA 2000 is amended as follows.
(2) After section 300G (section 300F: rules in relation to overseas FMI entities) (inserted by section 9) insert -
"300H Rules relating to investment exchanges and data reporting service providers
(1) The FCA may make such rules applying to recognised UK investment exchanges or data reporting service providers -
(a) with respect to the carrying on by them of relevant activities, or
(b) with respect to the carrying on by them of an activity which is not a relevant activity,
as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives.
(2) In this section "relevant activity" -
(a) in relation to a recognised UK investment exchange, means a regulated activity described in section 285(2);
(b) in relation to a data reporting service provider, means providing a data reporting service.
(3) Rules under this section may include -
(a) provision applying to a recognised UK investment exchange or data
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