Organised trading facility
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).”.
Article 25D was inserted by S.I. 2006/3384.
OJ L173, 12/6/2014, p.84.