Regulation

IPSX UK Limited (IPSX) operates in accordance with high regulatory standards.

IPSX has been authorised by the Financial Conduct Authority (FCA) in the UK as a Recognised Investment Exchange (RIE) since 8 January 2019. It is therefore included in the register of RIEs in The Financial Services Register, alongside the five other exchanges which currently hold FCA recognition. See Recognised Investment Exchanges (fca.org.uk)

IPSX operates a Regulated Market, IPSX Prime, and a Multilateral Trading Facility (MTF), IPSX Wholesale. As such, IPSX is also included in the register of Regulated Markets in The Financial Services Register (fca.org.uk), while IPSX Wholesale is included in the DRSP, MTF, OTF and SI Register. See Other Registers (fca.org.uk).

In the run up to UK’s exit from the EU on 31 December 2020, IPSX was positively assessed by the European Securities and Markets Authority (ESMA) and included in their list of third-country trading venues in relation to post-trade transparency under the Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). See Assessment of third-country venues under MiFID II and MiFIR (europa.eu).

IPSX is also included in the listed of Designated Recognised Stock Exchanges maintained by HM Revenue & Customs for the purposes of section 1005 of the Income Tax Act 2007. See Designated recognised stock exchanges - GOV.UK (www.gov.uk).