MAR 6.1 Application

MAR 6.3A (Quality of execution) and MAR 6.4A (Quotes in respect of non-equity instruments) apply to the following firms when dealing in the United Kingdom:

1. (1)

   a MiFID investment firm which is a systematic internaliser; or

2. (2)

   a third country investment firm which is a systematic internaliser.

[Note: article 35(8) of MiFID]

The systematic internaliser reporting requirement in MAR 6.4.1 R applies to an investment firm which is authorised by the FCA.

[Note: articles 15(1) and 18(4) of MiFIR]

GEN 2.2.22AR applies to ensure that a third country investment firm should not be treated in a more favourable way than an EEA firm.