(1) The FCA may make designated activity rules relating to -

(a) the carrying on of any of the activities specified in regulation 9 -

(i) in connection with an admission, or proposed admission, of transferable securities to trading on a primary MTF, or

(ii) in relation to transferable securities that have already been admitted, or are of a class that has already been admitted, to trading on a primary MTF, or

(b) the carrying on of any of the activities specified in regulation 11.

(2) Designated activity rules made by virtue of this regulation may make provision -

(a) requiring the operator of a primary MTF that does not meet the qualified investor condition in regulation 16 to include in its rules provision requiring the issuer of transferable securities or a person requesting the admission of transferable securities to trading -