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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 5 April 2024 - onwards
Version 2 of 2

Regulation 10 Cancellation of an authorisation to provide a data reporting service

(1) The FCA may cancel a person's authorisation to provide a data reporting service where -

(a) the person requests, or consents to, the cancellation of the authorisation;

(b) in the case of an authorisation to provide a CTP service in respect of which a direction to tender is given, the person is not awarded the tender contract;

(c) the person has not provided the data reporting service which the person is authorised to provide for the preceding six months;

(d) the person has obtained the authorisation through false statements or other irregular means;

(e) the person no longer meets the conditions under which the authorisation was granted;

(f) the FCA is not satisfied the persons who effectively direct the business of the person are of good repute;

(g) the person has seriously and systematically infringed requirements imposed by or under -

(i) these Regulations,

(ii) data reporting service rules,

(iii) the markets in financial instruments regulation, or