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Article 1

SCHEDULE 1relevant ec markets

part iexchanges operating relevant ec markets

part iicriteria relevant to definition of “relevant ec market”

The criteria relevant for the purposes of the definition of “relevant EC market” in article 1 of this Order are the following–

(a)the head office of the market must be situated in a member State; and

(b)the market must be subject to requirements in the member State in which its head office is situated as to–

(i)the manner in which it operates;

(ii)the means by which access may be had to the facilities it provides;

(iii)the conditions to be satisfied before an investment may be traded or dealt in by means of its facilities; and

(iv)the reporting and publication of transactions effected by means of its facilities.