Article 17a Tick sizesF1F2
United Kingdom
Systematic internalisers’ quotes, price improvements on those quotes and execution prices shall comply with tick sizes set in accordance with F3paragraph 3G of Schedule 1 to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001, as if that paragraph applied to the systemic internaliser in the course of its operations as such and sub-paragraph (1A) were omitted.
Application of tick sizes shall not prevent systematic internalisers matching orders F4... at mid‐point within the current bid and offer prices.
Annotations
Textual amendments
- F1
Regulation revoked (5.4.2024 for the revocation of Sch. 3 paras. 17, 34-39, 1.12.2025 for the revocation of Art. 18b, 30.3.2026 for the revocation of Arts. 4, 4a) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 1 (with s. 1(4)); S.I. 2023/1382, reg. 4(b); S.I. 2025/1078, regs. 4(b), 6(b)
- F2
- F3
Words in Art. 17a substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 28(4A) (with savings in S.I. 2019/680, reg. 11) (as inserted by S.I. 2020/1385, regs. 1(4), 49(3)); 2020 c. 1, Sch. 5 para. 1(1)
- F4
Words in Art. 17a omitted (29.8.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 9 (with s. 2(3)); S.I. 2023/779, reg. 4(zz)(i)(bb)