MIR 2.8.2

The  Recognised  Body  must  make  transparent  and  non‐discriminatory  rules,  based  on objective criteria, governing access to, or membership of, its facilities. In particular, those rules must specify the obligations for users or Members of its facilities arising from:

(a) the constitution and administration of the Recognised Body;
(b) rules relating to transactions on a Recognised Body’s market;
(c) its professional standards for staff of any Authorised Person, or Remote Member, having access to or membership of a financial market operated by the Recognised Body;
(d) conditions established for access to or membership of a financial market operated by  the  Recognised  Body  by  Persons  other  than  Authorised  Persons,  including Remote Members; and
(e) the rules and procedures for Clearing and settlement of transactions.