COB 9.6.10

(1) An ATS Operator must:

(a) before accepting a prospective member, ensure that the applicant has in place adequate arrangements, including systems and controls to comply with its regime for preventing Market Abuse;
(b) monitor and regularly review compliance by its members with that regime; and
(c) take appropriate measures to ensure that its members rectify to the extent feasible any contraventions of its regime without delay.

(2) An ATS Operator must promptly notify the DFSA of any:

(a) material breach of its regime to prevent Market Abuse by a member, or by staff or clients of the member; and
(b) circumstances in which a member will not or cannot rectify a breach of its regime.
[Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]