(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 reporting service provider even though there is no relationship between that person and the persons whose interests will be protected by the rules;
(b) requirements which take into account, in the case of a recognised UK investment ex
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