# Financial Services and Markets Act 2023, Paragraph 2: Transparency requirements for equities

Extent: E+W+S+N.I.
Status: prospective

In Article 3 (pre-trade transparency requirements), after paragraph 3 insert—
“4. The FCA may make technical standards to specify—
(a) the range of bid and offer prices, or designated market-maker quotes, to be made public for each class of financial instrument concerned in accordance with paragraph 1, and
(b) the depth of trading interest at those prices.
5. In making technical standards under paragraph 4 the FCA must take into account the necessary calibration for the different types of trading systems referred to in paragraph 2.”

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.