Glossary

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Term Definition Legal instruments

regulated market

31/12/2020

The changes to this defined term are effective from 23:00 on 31/12/2020.

means:

(1) a regulated market as defined in Article 2(1) of MiFIR; or

(2) a market situated outside the UK which is characterised by the fact that:

(a) it meets comparable requirements to those set out in (1); and

(b) the financial instruments dealt in are of a quality comparable to those in a regulated market in the UK.