# The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (revoked) S.I. 2018/1403 · made 19 December 2018 · revised to 29 August 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/markets-in-financial-instruments-amendment-eu-exit-regulations-2018-revoked/pdf/uksi_20181403_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/markets-in-financial-instruments-amendment-eu-exit-regulations-2018-revoked/pdf/uksiem_20181403_en.pdf ## Introductory text Exiting The European Union Financial Services Made 19th December 2018 Coming into force in accordance with regulation 1(2) and (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: General ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Amendment of secondary legislation: European Communities Act 1972 ## 2 The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 The Data Reporting Services Regulations 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: Amendment of secondary legislation: European Union (Withdrawal) Act 2018 ### Chapter 1: The Regulated Activities Order ## 4 Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 ## 5 The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Introductory provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Exempt and third country investment firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Algorithmic trading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Direct electronic access . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Acting as a general clearing member . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Synchronisation of business clocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Interpretation of Part 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Removal of persons from the management board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Miscellaneous FCA functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Administration and Enforcement of Parts 3, 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: The Data Reporting Services Regulations 2017 ## 17 The Data Reporting Services Regulations 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Introductory provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Authorisation of data reporting services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Temporary authorisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Operating requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Administration and enforcement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 4: Amendment of EU Regulations ### Chapter 1: Amendment of Markets in Financial Instruments Regulation ## 24 Markets in Financial Instruments Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Subject matter and scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Transparency for trading venues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Transparency for systematic internalisers and investment firms trading OTC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Transaction reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Non-discriminatory clearing access for financial instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Supervisory measures on product intervention and positions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Provision of services and performance of activities by third-country firms following an equivalence decision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Delegated and implementing acts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Final provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Professional clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Transfer of Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Commission Delegated Regulation 2017/565 ## 38 Commission Regulation 2017/565 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Application, scope and definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Systematic internalisers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Algorithmic trading and electronic access . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Organisation requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Conflicts of interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Investment research and marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Underwriting and placing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Information to clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Investment Advice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Best execution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 Eligible counterparties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Record-keeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 SME growth market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Operating obligations for trading venues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Position reporting in commodity derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Data provision obligations for data reporting service providers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Final provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Annexes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: Commission Delegated Regulation 2017/567 ## 57 Commission Delegated Regulation 2017/567 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 Determining liquid markets for equity instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 Data publication obligations for systematic internalisers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 Supervisory measures on product intervention and position management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2018/1403 (the official version) Page: https://openlegislation.uk/markets-in-financial-instruments-amendment-eu-exit-regulations-2018-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.