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Recognised investment exchange (RIE)
Practical Law UK Glossary 2-107-7115 (Approx. 4 pages)
Glossary
Recognised investment exchange (RIE)
An investment exchange recognised by the Financial Conduct Authority (FCA) under Part XVIII of the Financial Services and Markets Act 2000 (FSMA), such that a recognition order is in force in respect of it (section 285, FSMA). An RIE may be a UK RIE or a recognised overseas investment exchange (ROIE):
- UK RIE means an RIE that is not an ROIE. For a list, see the FCA's RIE register.
- ROIE means an overseas investment exchange (having neither its head office nor its registered office in the UK) with a recognition order in force in respect of it. For a list, see the FCA's ROIE register.
As an exempt person, an RIE is exempt from the general prohibition under FSMA 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.
When considering this term in the context of financial services, reference should be made to the FCA Handbook glossary definition of recognised investment exchange, UK RIE and recognised overseas investment exchange.