organised trading facility

    (in accordance with article 3(1) of the Regulated Activities Order):

      1. (a) a UK organised trading facility (within the meaning of 2(1)(15A) of MiFIR ) operated by an investment firm, a qualifying credit institution or a market operator; or
      1. (b) a facility which:
        1. (i) is operated by an investment firm, a qualifying credit institution or a market operator whose home State is not the United Kingdom; and
        1. (ii) if its operator’s home State was the United Kingdom, would be a UK organised trading facility within the meaning of article 2(1)(15A) of MiFIR.

    [Note: article 2(1)(15A) of MiFIR ]

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