Recognised Investment Exchanges: PLUS Markets granted status
Resource type: Legal Update: archive
Published on 19-Jul-2007
On 19 July 2007, PLUS Markets Group plc announced that its operating subsidiary, PLUS Markets plc, had been granted Recognised Investment Exchange (RIE) status by the Financial Services Authority. An RIE is exempt from the general prohibition under the Financial Services and Markets Act 2000 in respect of any regulated activity which is carried on as part of the exchange's business as an investment exchange, or which is carried on for the purposes of, or in connection with, the provision of clearing services by the exchange. There are now seven RIEs, details of which can be found on the FSA website.
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