Related provisions for MAR 9.5.1
1 - 5 of 5 items.
Q. We are a trading venue operator. Can you please clarify how we can provide a data reporting service under the derogation from needing authorisation in regulation 5(b) to (d) of the DRS Regulations2?A. (1) The derogation (or exception) in article 59(2) of MiFID allowed2 Member States to allow a trading venue operator to provide a data reporting service without prior authorisation, if the operator verified that they complied2 with Title V of MiFID.(2) The United Kingdom2adopted
1This chapter applies to:(1) a UKperson (that is a person whose registered office or head office is located in the UK) seeking authorisation to provide a data reporting service;(2) A UK2 branch of a third countryperson seeking authorisation to provide a data reporting service as an ARM or APA3;1(3) a2MiFID 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) a
The FCA has investigation and enforcement powers in relation to both criminal and non-criminal breaches of the DRS Regulations (including requirements imposed on persons subject to the DRS Regulations by MiFIR and any onshored regulation which was an EU regulation2 made under MiFIR or MiFID). The DRS Regulations impose requirements on data reporting services providers (“DRSPs”) which are entities authorised or verified to provide services of:12(1) publishing trade reports (“APA”);(2)