recognised investment exchange

recognised investment exchange
recognised investment exchange (RIE)
An investment exchange recognised by the Financial Services Authority (FSA) under Part XVIII of the Financial Services and Markets Act 2000 (FSMA), such that a recognition order is in force in respect of it. 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.
The FSA Handbook sets out the recognition and notification requirements for RIEs (in the Recognised Investment Exchanges and Recognised Clearing Houses sourcebook).
There are currently seven RIEs in the UK listed in the FSA's register: EDX London Limited; London Stock Exchange; virt-x Exchange Limited; LIFFE Administration and Management; the London Metal Exchange; ICE Futures; and PLUS Markets plc.
FSA website
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Recognised Investment Exchange — ( RIE) An organisation, based in the UK, providing a market place in investments and recognised by the Financial Services Authority. Whilst the exchanges must be licensed or recognised , they are exempt from authorisation. Dresdner Kleinwort… …   Financial and business terms

  • recognised stock exchange — Defined in section 841 of the Income and Corporation Taxes Act 1988 (ICTA) for corporation tax purposes (and for income tax purposes for periods before 2007 2008) and (for periods from 2007 2008) section 1005 of the Income Tax Act 2007 (ITA 2007) …   Law dictionary

  • Recognised Overseas Investment Exchange — ( ROIE) A non UK exchange, yet able to act as an exchange within the UK often with a screen trading system. Recognition is granted by Her Majesty s Treasury. Dresdner Kleinwort Wasserstein financial glossary Recognised Overseas Investment… …   Financial and business terms

  • Recognised Investment Exchanges — ( RIE) An Exchange which is deemed to be carrying on investment business authorised by the FSA. RIE s develop their own means of fulfilling their regulatory objectives and obligations. LIFFE …   Financial and business terms

  • Recognised Overseas Clearing Houses — ( ROCH) In the UK, the Financial Services Authority has recognised and supervises a number of overseas Recognised Investment exchanges (ROIEs), and has the power to recognise and supervise overseas Recognised Clearing Houses (ROCHs) under the… …   Financial and business terms

  • Recognised Clearing House — ( RCH) An organisation which provides clearing services for a market( s). Recognition is granted by the Financial Services Authority to those clearing houses meeting its requirements under the terms of the Financial Services Act 1986. Currently… …   Financial and business terms

  • London Stock Exchange — ( LSE) The U.K. s six regional exchanges joined together in 1973 to form the stock exchange of Great Britain and Ireland, later named the LSE. The FTSE 100 index (known as the footsie ) is its dominant index. Bloomberg Financial Dictionary… …   Financial and business terms

  • London International Financial Futures and Options Exchange — ( LIFFE) A leading market for trading options and futures on euro money market derivatives. Bloomberg Financial Dictionary London International Financial Futures and Options Exchange ( LIFFE) LIFFE allows investors and business enterprises to use …   Financial and business terms

  • International Petroleum Exchange — ( IPE) Energy futures and options exchange based in London. Bloomberg Financial Dictionary The International Petroleum Exchange, based in London, is one of the world s largest energy futures and options exchanges. Brent Crude is a world benchmark …   Financial and business terms

  • London Metal Exchange — ( LME) A market for trading base metals, where traded options contracts are available against the underlying futures contract. Bloomberg Financial Dictionary website: www.lme.co.uk ( LME) A base metal …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”