47. Trading standards

The holder of a capital markets services licence to deal in capital markets products, or a representative of such a holder, shall not withhold or withdraw from an organised market any order or any part of a customer’s order for the benefit of itself or himself, or of any other person.

The holder of a capital markets services licence to deal in capital markets products, or the representative of such a holder, shall not divulge information relating to a customer’s order held by it, unless the disclosure —

is necessary for the effective execution of the order;

is permitted under the rules of the relevant approved exchange, recognised market operator, approved clearing house or recognised clearing house, as the case may be; or

is required by the Authority under the Act or these Regulations.

The holder of a capital markets services licence to deal in capital markets products, or a representative of such a holder, shall not withhold or withdraw from an organised market any order or any part of a customer’s order for the benefit of itself or himself, or of any other person.

The holder of a capital markets services licence to deal in capital markets products, or the representative of such a holder, shall not divulge information relating to a customer’s order held by it, unless the disclosure —

is necessary for the effective execution of the order;

is permitted under the rules of the relevant approved exchange, recognised market operator, approved clearing house or recognised clearing house, as the case may be; or

is required by the Authority under the Act or these Regulations.