[F1 Organised trading facility U.K.

3.   After article 25D of the Order(1) (operating a multilateral trading facility), insert—

Operating an organised trading facility

25DA.— (1) The operation of an organised trading facility on which non-equity MiFID instruments are traded is a specified kind of activity.

(2) In paragraph (1) a “non-equity MiFID instrument” means any investment—

(a) of the kind specified by article 77, 77A, 78, 79, 80, 81, 82B, 83, 84 or 85; or

(b) of the kind specified by article 89 so far as relevant to an investment falling within sub-paragraph (a),

that is a bond, a structured finance product (within the meaning of Article 2.1.28 of the markets in financial instruments regulation(2)), an emission allowance, or a derivative (within the meaning of Article 2.1.29 of the markets in financial instruments regulation).”.]

Textual Amendments

F1 Order revoked (14.12.2023 for the revocation of art. 17) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xvii)

Commencement Information

I1 Art. 3 in force at 1.4.2017 for specified purposes and 3.1.2018 in so far as not already in force, see art. 1(2)(a)(c)

(1)

Article 25D was inserted by S.I. 2006/3384.

(2)

OJ L173, 12/6/2014, p.84.