MAR Sch 2 Notification requirements
MAR Sch 2 Notification requirements
Notification requirements
| Handbook Reference | Matter to be notified | Contents of Notification | Trigger event | Time allowed |
|---|---|---|---|---|
| MAR 5.3A.3R(4) | Market making agreements | Content of market making agreements | Upon formation of a binding written agreement | Without delay |
| MAR 5.3A.8R | Trading halts on material markets | Information that trading is halted in a financial instrument | Upon trading halt | Without delay |
| MAR 5.6.1R(1) | Non-compliant, disorderly or abusive trading | Information of the occurrence of significant breaches of rules, disorderly trading, system disruptions, or conduct that may involve market abuse | Upon occurrence of the breach, conditions or conduct | Without delay |
| MAR 5.6A.1R(3) | Suspension and removal of financial instruments | Information of the suspension or removal of a financial instrument and any related or referenced derivative | Upon suspension or removal | Without delay |
| MAR 5A.5.3R(4) | Market making agreements | Content of market making agreements | Upon formation of a binding written agreement | |
| MAR 5A.5.8R | Trading halts on material markets | Information that trading is halted in a financial instrument | Upon trading halt | Without delay |
| MAR 5A.8.1R(1) | Non-compliant, disorderly or abusive trading | Information of the occurrence of significant breaches of rules, disorderly trading, system disruptions, or conduct that may involve market abuse | Upon occurrence of the breach, conditions or conduct | Without delay |
| MAR 5A.9.1R(3) | Suspension and removal of financial instruments | Information of the suspension or removal of a financial instrument and any related or referenced derivative | Upon suspension or removal | Without delay |
| MAR 6.4.1R | Systematic internaliser status | Information of gaining or ceasing systematic internaliser status | Upon becoming or ceasing to be a systematic internaliser | Without delay |
| MAR 7A.3.6R | Engaging in algorithmic trading | Information that a member of a trading venue is engaging in algorithmic trading | Upon engagement in algorithmic trading | Without delay |
| MAR 7A.4.4R | Provision of DEA services | Information that a firm is providing DEA services | Upon engagement in DEA provision | Without delay |
| MAR 5.6.2R(1) | Proposal to change fee incentive scheme | Summary of proposal in the form set out in Annex 1 | Proposal communicated to members | Without delay |
| MAR 5.6.2R(2) | Change to fee incentive scheme | Summary of change | Change published or notified to members | Without delay |
| MAR 8.3.17 R | Reasonable possibility of not being able to hold sufficient financial resources | Full details together with relevant financial information | Occurrence | As soon as practicable |
| MAR 9.2B.5 (3) | Any planned significant changes to IT systems | Summary of changes | Decision to make the planned change | Without delay |
| MAR 9.2B.6(4) | Breaches of the physical and electronic security measures referred to in MAR 9.2B.6 R(1) to MAR 9.2B.6 R(3) | Full details of the breach, including an incident report, indicating the nature of the incident, the measures adopted to cope with the incident and the initiatives taken to prevent similar incidents | Occurrence | Without delay |
| MAR 9.2B.10R(8) | Errors or omissions in transaction reports | Summary of the error or omission | Occurrence | Without delay |
| MAR 9.3.10R(2) | Non-compliance with any rule in MAR 9 or other regulatory obligation | Reasons for non-compliance | Occurrence | As soon as reasonably practicable |
Other contracts which offer a comparable economic exposure to that provided by a critical contract and may be used to circumvent the purpose of MAR 10.2.1AR. | Details of the contract | Where a trading venue operator identifies a contract to which MAR 10.2.1CR(1) applies. | Promptly | |
When a contract may amount to a critical contract | Details of the contract | When a trading venue operator considers that a contract may amount to a critical contract and requires closer monitoring by it or the FCA for this purpose | Promptly | |
Position limit relating to commodity derivative | Position limit details relating to spot month contracts and other months’ contracts | Occurrence | Without delay and prior to imposing a position limit unless it is not reasonably practicable to do so
| |
Position limit exemption granted to a non-financial entity | Details including any conditions such as an exemption ceiling attached to the exemption | Occurrence | Promptly and on an annual basis a list of all exemptions etc. granted to non-financial entities | |
Position limit exemption to a financial entity | Details including any conditions such as an exemption ceiling attached to the exemption | Occurrence | Promptly and on an annual basis a list of all exemptions etc. granted to financial entities
| |
Position limit exemption granted to a liquidity provider | Details including any conditions such as an exemption ceiling attached to the exemption | Occurrence | Promptly and on an annual basis a list of all exemptions etc. granted to liquidity providers | |
| Accountability thresholds review | Report details | Whenever there is a significant change to either the position limit or one or more of the factors in MAR 10.3.3ER; and at least on an annual basis | Promptly | |
| Related contracts | Details of the contract | Occurrence | Promptly | |
Miscellaneous comprising: • risk assessment framework including policies and procedures related to accountability threshold breaches, market risk analysis and additional reporting arrangements; • additional reporting and other reporting arising from market risk analysis; • governance arrangements including for setting position limits and accountability thresholds, identification of relevant contracts and netting arrangements; • methodologies; • list of related contracts, related OTC contracts and where relevant related overseas commodity derivative contracts; • policies and procedures relating to granting of position limit exemptions including exemption ceilings and position limit breaches; and • information sharing with CCPs. | Details | Implementation and modification | Prior to implementation and modification allowing such time as is necessary for the FCA to consider and assess the relevant matters, prior to proposed implementation |