Regulation 3 Prohibition on the provision of a data reporting service
A person must not provide a data reporting service in the United Kingdom as a regular occupation or business unless the person is—
acting in accordance with an authorisation to provide that data reporting service granted under these Regulations;
an investment firm which is operating a UK multilateral trading facility or a UK organised trading facility where the FCA has verified under these Regulations that the firm complies with these Regulations in respect of the data reporting service concerned;
a credit institution which is operating a UK multilateral trading facility or a UK organised trading facility where the FCA has verified under these Regulations that the institution complies with these Regulations in respect of the data reporting service concerned; or
a recognised investment exchange operating a trading venue where the FCA has verified under these Regulations that the exchange complies with these Regulations in respect of the data reporting service concerned.
A person who breaches a prohibition imposed by paragraph (1) is to be taken to have contravened a requirement imposed on it under these Regulations.
In this regulation, “trading venue” has the meaning given in Article 2(1)(16) of the markets in financial instruments regulation.