The FCA may make such rules applying to recognised UK investment exchanges or data reporting service providers—
with respect to the carrying on by them of relevant activities, or
with respect to the carrying on by them of an activity which is not a relevant activity,
as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives.
In this section "relevant activity"—
in relation to a recognised UK investment exchange, means a regulated activity described in section 285(2);
in relation to a data reporting service provider, means providing a data reporting service.
Rules under this section may include—
provision applying to a recognised UK investment exchange or data reporting service provider even though there is no relationship between that person and the persons whose interests will be protected by the rules;
requirements which take into account, in the case of a recognised UK investment exchange or data reporting service provider which is a member of a group, any activity of another member of the group.
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In this section—
"data reporting service" and "data reporting service provider" have the meanings given by regulation 2 of the Data Reporting Services Regulations 2024;
"recognised UK investment exchange" means a recognised investment exchange that is not an overseas investment exchange as defined in section 313(1).