Recognised Investment Exchanges: PLUS Markets granted status | Practical Law

Recognised Investment Exchanges: PLUS Markets granted status | Practical Law

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.

Recognised Investment Exchanges: PLUS Markets granted status

Practical Law UK Legal Update 0-373-2957 (Approx. 2 pages)

Recognised Investment Exchanges: PLUS Markets granted status

by PLC Corporate
Published on 19 Jul 2007United Kingdom
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.