Part XVIII Recognised Investment Exchanges and Clearing Houses
F1CHAPTER 3APASSPORT RIGHTS
EEA market operators in United Kingdom
312AExercise of passport rights by EEA market operator
(1)
An EEA market operator may, in pursuance of the right under the applicable provision, make arrangements in the United Kingdom to facilitate access to, or use of, a specified regulated market or specified multilateral trading facility operated by it if—
(a)
the operator has given its home state regulator notice of its intention to make such arrangements; and
(b)
the home state regulator has given F2the FCA notice of the operator's intention.
(2)
In making arrangements under subsection (1), the operator is exempt from the general prohibition as respects any regulated activity which is carried on as a part of its business of operating the market or facility in question, or in connection with, or for the purposes of, that business.
(3)
”Specified” means specified in the notice referred to in subsection (1)(a).
(4)
This section does not apply to an overseas investment exchange.