The FCA has published Guidance Consultation 14/9: Multilateral Trading Facilities (MTFs) – Dear CEO letter and FCA good practice observations on MTF rulebooks (GC14/9).
Following a thematic review the FCA has published GC14/9 which includes a Dear CEO letter and good practice observations to provide guidance on MAR 5 requirements relating to MTF rulebooks.
The FCA expects all MTF operators to be able to demonstrate that they have considered the good practice observations when determining their approach to compliance with MAR 5. The FCA also expects that an MTF operator will have a rulebook in place and that the rulebook will be publicly available on the MTF’s website.
The deadline for comments on GC14/9 is 16 January 2015.