{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-2/paragraph-30",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-2/paragraph-30.json",
  "legislation": "uksi/2017/701",
  "legislation_title": "The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017",
  "path": "schedule/2/paragraph/30",
  "kind": "paragraph",
  "number": "30",
  "heading": null,
  "text": "After section 287 (application by an investment exchange) insert—\n“Application by an investment exchange: persons connected with an applicant\n287A (1) Subsection (2) applies where—\n(a) a body corporate or unincorporated association (“A”) makes an application under section 287 for an order declaring it to be a recognised investment exchange; and\n(b) A is—\n(i) connected with an EEA credit institution or EEA insurance undertaking; or\n(ii) controlled by a person who also controls an EEA credit institution or EEA insurance undertaking.\n(2) Before making a recognition order declaring A to be a recognised investment exchange under section 290, the FCA must consult the competent authority responsible for the supervision of the EEA credit institution or EEA insurance undertaking.\n(3) A is connected with an EEA credit institution or EEA insurance undertaking if—\n(a) A is a subsidiary undertaking of the EEA credit institution or EEA insurance undertaking; or\n(b) A is a subsidiary undertaking of a parent undertaking of the EEA credit institution or EEA insurance undertaking.\n(4) In this section—\n“control” has the same meaning as in Article 4.1.35(b) (definitions) of the markets in financial instruments directive;\n“EEA credit institution” means a credit institution (as defined by Article 4.1.27 of the markets in financial instruments directive) authorised in another EEA State under the capital requirements directive;\n“EEA insurance undertaking” means an insurance undertaking (as defined by Article 13.1 of the Solvency 2 Directive) authorised in another EEA State.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "There are amendments to section 287 but none is relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/701/schedule/2/paragraph/30",
    "retrieved_at": "2026-10-28T23:10:02.096065+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}