Unless the context otherwise requires, words denoting the singular shall include the plural and vice versa. 3 1 Definitions and Interpretation CHAPTER 1 - GENERAL PROVISIONS In these rules, the following expressions shall have the meanings set out below: Board Committee Eligibility Criteria FCA Financial Products Member means the board of directors of TFS-ICAP Limited means the committee of TFS-ICAP Limited personnel for the time being which shall be responsible for supervision and oversight of the operation of the System including rulemaking, admission to, suspension and termination of membership, suspension of trading, surveillance and enforcement means the criteria for the time being set by TFS-ICAP which determine eligibility to become a Member and participate in the System means the Financial Conduct Authority of the UK, or any successor, substituted or replacement authority in the UK having regulatory oversight of multilateral trading facilities means the financial instruments admitted to trading on the Platform from time to time and as described in more detail in the Financial Product Appendix to these Rules means a person who has been admitted to membership pursuant to the rules set out in Chapter 2 MiFID means the Markets in Financial Instruments Directive (2004/39/EC) Platform Rules/Rulebook System TFS-ICAP means the Volbroker market operated by TFS-ICAP Limited means these rules as the same may be amended, varied, extended, supplemented or replaced from time to time means the TFS Broker Suite electronic trading system operated and administered by TFS-ICAP for the purpose of the Platform means TFS-ICAP Limited TFS-ICAP Company TFS-ICAP Agreement Trading Day Group User means all subsidiary undertakings and parent undertakings of TFS-ICAP as well as any subsidiary undertakings of such parent undertakings and parent undertaking and subsidiary undertaking have the respective meanings ascribed to them in section 1162 of the Companies Act 2006 means the agreement of the same name governing access by Members to the System means a day on which the Platform is open for business other than a day which is a public holiday in the relevant jurisdiction 14 Transaction UK means a transaction in respect of a Financial Product executed on the Platform formed by way of a matching bid and offer price in an agreed volume and means the United Kingdom of Great Britain and Northern Ireland References to statutes, statutory instruments, rules of a regulatory authority or provisions thereof shall be construed as references to any of the foregoing as they may be amended, extended varied or replaced from time to time. 8 Chapter 4 - Trading Rules 1 Trading Days, Orders and Order Book Error Trades Bi-lateral Cancellation Member Error Trades System-Related Error Trades Suspension of Trading Market Surveillance Chapter 5 - Powers of the Committee 1 Disciplinary Action Sanctions TFS-ICAP Procedures Chapter 6 - Cooperation With Regulatory Authorities Chapter 7 Other Provisions 1 Force Majeure Obligation to Cooperate Use and Exploitation of Data Notice FINANCIAL PRODUCTS TRADEABLE ON THE PLATFORM: CURRENCY OPTIONS 2 FINANCIAL PRODUCTS TRADEABLE ON THE PLATFORM: CURRENCY OPTIONS FIXED PRICE AUCTION 3 FINANCIAL PRODUCTS TRADEABLE ON THE PLATFORM: CURRENCY OPTIONS VOLCALLTFS-ICAP, the brokerage firm, pleaded guilty to securities fraud on Wednesday in relation to a criminal investigation by the New York attorney-general’s office into foreign exchange currency. 6 Chapter 3 - Securities Traded on the Platform 1 Eligible Securities. 3 Chapter 2 - Participation In the Platform 1 Application Procedure Eligibility Members Obligations Access to the System Resignation, Suspension and Termination.
TFS-ICAP shall provide a list of Members upon request. 4.5 TFS-ICAP will comply with all applicable laws and regulations relating to requirements in respect of "Know-Your-Client and "Anti-Money Laundering" and any similar applicable laws and regulations. 4.4 Such electronic confirmation from TFS-ICAP to each Member who is a party to such Transaction shall contain all relevant information on that trade including, but not limited to, 25 stated time of the trade, size of the trade, the price at which the trade was executed, the currency pair of the trade and the counterparty to the trade. 4.3 Parties to Transactions shall remain anonymous to Members on the System prior to the matching of a Transaction, but immediately following execution of such Transaction the Members who are the principal party to that Transaction shall be made known to one another by electronic confirmations from the System. A price is valid until deleted either by the Member who submits it or the System at the end of the trading day.
The Board shall consider the grounds of appeal stated in the notice of appeal. The notice of appeal should specify clearly the grounds upon which the applicant is appealing and the reasons why it believes it should be admitted to membership. 1.4 An applicant may appeal a decision made by TFS-ICAP pursuant to Rule 1.3 above by serving a notice of appeal in writing to the Board at TFS-ICAP within 10 Trading Days of a notice under Rule 1.3 above. 1.3 All applications shall be determined by TFS-ICAP and complete applications will be determined within 20 Trading Days of receipt. 1.2 The application must include all supporting information as stipulated in the application form, failing which the application will be returned to the applicant firm and will not be processed until fully completed. 36 1 Application Procedure CHAPTER 2 - PARTICIPATION IN THE PLATFORM 1.1 Applications for admission to participate in the Platform shall be made through the submission to TFS-ICAP of an application pack.
The applicant must have entered into a TFS-ICAP User Agreement and the applicant must not be subject to an Insolvency Event. TFS-ICAP will only consider applications for membership in respect of applicants located in jurisdictions that (in the sole opinion of TFS-ICAP): (x) have satisfactory regulatory arrangements in respect of supervision of investment activity (y) do not otherwise raise regulatory or reputational concerns for TFS-ICAP and (z) do not require TFS- ICAP to obtain an authorisation, licence or similar (including without limitation a no action type letter) from a Competent Regulatory Authority in order to provide the applicant access to the Platform the applicant must have technical and organisational facilities sufficient (in the opinion of TFS-ICAP) for the orderly settlement of Transactions to be assured. 2 Eligibility 2.1 An application for admission to participate in the Platform will only be considered if the applicant meets the following requirements: (c) (d) the applicant must be an EEA regulated investment firm or credit institution (as defined under MiFID), or the applicant must be otherwise licensed and supervised by a financial market supervisory authority in its country of incorporation, and pursuant to the applicable laws of that country be a bank (authorised to conduct deposit taking business) or have a status equivalent to that of a full scope BIPRU firm.
0 kommentar(er)
