MAR 9.1 Application, approach and structure

1This chapter applies to:

1. (1)

   a UK person (that is a person whose registered office or head office is located in the UK) seeking authorisation to provide a data reporting service;

2. (2)

   A UK2 branch of a third country person seeking authorisation to provide a data reporting service as an ARM or APA3;1

3. (3)

   a2 MiFID investment firm operating a trading venue seeking verification of its rights to provide a data reporting service under regulation 5(b) or (c) of the DRS Regulations;1

4. (4)

   a UK RIE seeking verification of its rights to provide a data reporting service under regulation 5(d) of the DRS Regulations; and1

5. (5)

   a data reporting services provider.1

This chapter is not limited to operators of trading venues and firms.

[Note: article 59 of MiFID]

3This regulatory framework enables the authorisation and supervision of data reporting service providers whose services form a key component of transparency in wholesale markets and, in the case of approved reporting mechanisms, a reporting service that assists in the detection and prevention of market abuse.