Recognised investment exchange (RIE)

An investment exchange recognised by the Financial Conduct Authority (www.practicallaw.com/A36105) (FCA) under Part XVIII of the Financial Services and Markets Act 2000 (www.practicallaw.com/A36104) (FSMA), such that a recognition order is in force in respect of it. As an exempt person (www.practicallaw.com/A36052), an RIE is exempt from the general prohibition (www.practicallaw.com/A36199) under FSMA in respect of any regulated activity (www.practicallaw.com/A36784) 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.

The FCA Handbook (www.practicallaw.com/A36160) sets out the recognition and notification requirements for RIEs (in the Recognised Investment Exchanges and Recognised Clearing Houses sourcebook).

The current RIEs in the UK are listed in the Financial Services Register.

The glossary to the FCA Handbook (www.practicallaw.com/5-107-6609) sets out the full definition of this term. When considering this term in the context of financial services, reference should be made to the FCA Handbook glossary definition of recognised investment exchange.

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