Recognised investment exchanges
A recognised investment exchange (RIE) is a UK Recognised body under Part XVIII of the Financial Services and Markets Act 2000 (FSMA 2000) which has been granted a recognition order by the Financial Conduct Authority (FCA). An RIE is an exempt person for the purposes of the general prohibition in FSMA 2000, s 19, meaning it does not need permission from the FCA or the PRA (Prudential Regulation Authority) under FSMA 2000, Pt 4A to carry on regulated activities as part of its business as an investment exchange, or for the purposes of, or in connection with, providing clearing services in the UK.
Examples of RIEs can be found on the Financial Services Register and include:
- •
London Stock Exchange
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London Metal Exchange Limited, and
- •
ICE Futures Europe
FCA Handbook requirements
The rules governing RIEs are contained within the Recognised Investment Exchanges (REC) specialist sourcebook in the FCA Handbook. The REC rules apply to UK RIEs.
UK recognised bodies—recognition requirements
In order to become an RIE, an investment exchange will
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Recognised body definition
What does Recognised body mean?
A recognised body is a body recognised by the Solicitors Regulation Authority under the Administration of Justice Act 1985, s 9.
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