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The Financial Services Act 1986 (Investment Advertisements) (Exemptions) (No. 2) Order 1992

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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.

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