# The Data Reporting Services Regulations 2023, Regulation 3: Prohibition on the provision of a data reporting service


(1) A person must not provide a data reporting service in the United Kingdom as a regular occupation or business unless the person is—
(a) acting in accordance with an authorisation to provide that data reporting service granted under these Regulations;
(b) 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;
(c) 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
(d) 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.
(2) 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.
(3) In this regulation, “trading venue” has the meaning given in Article 2(1)(16) of the markets in financial instruments regulation.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348254273/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-data-reporting-services-regulations-2023/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.