COBS 8.4.3

Where an MTF Operator or OTF Operator proposes to introduce or amend a liquidity incentive scheme, it must lodge with the Regulator, at least ten days before the date by which it expects to obtain the Regulator approval, a statement setting out:

(a) the details of the relevant scheme, including benefits to the MTF or OTF and members arising from that scheme; and
(b) the date on which the scheme is intended to become operative.