Home FCA Handbook SSR SSR 5 SSR 5.17 Information that may demonstrate that a person is carrying on market making activity falling within paragraph (a) of the Glossary definition of market making activities
You are viewing SSR 5.17 Information that may demonstrate that a person is carrying on market making activity falling within paragraph (a) of the Glossary definition of market making activities as of . SSR 5.17 Information that may demonstrate that a person is carrying on market making activity falling within paragraph (a) of the Glossary definition of market making activities was last updated on 13/07/2026.

SSR 5.17 Information that may demonstrate that a person is carrying on market making activity falling within paragraph (a) of the Glossary definition of market making activities

13/07/2026G
  1. (1) Where a person is party to a market making or liquidity provision contract or programme with a trading venue or a company which meets or exceeds the criteria in relation to:
    1. (a) presence;
    2. (b) competitive prices; and
    3. (c) order size,
    4. that will be strong evidence, but not in and of itself conclusive, that the person is carrying on market making activities for the purposes of SSR 5.4.1R.
  2. (2) Where a person is not party to a contract or programme as described in (1), it should provide evidence upon request from the FCA that it meets the criteria set out in relation to presence, competitive prices and order size and the activities within the Glossary definition of market making activities.
13/07/2026G

To demonstrate that a person is carrying on market making activities in respect of a financial instrument for the purposes of the FCA considering whether that person meets the conditions for the market making exemption, a person notifying under either SSR 5.5.1R should be able to provide additional information or evidence upon request from the FCA, in particular:

  1. (1) evidence of the comparable size of orders;
  2. (2) evidence of the competitive prices of orders; and
  3. (3) evidence of their regular and ongoing presence on the market.