primary MTF

has the meaning in regulation 8 of the Public Offers and Admissions to Trading Regulations – in summary, an MTF that meets the following conditions:

1. (a) the operator of the MTF maintains rules which relate to each of the following:

2.      (i) the eligibility of issuers;

3.      (ii) the conditions for admission to trading, including information to be published; and

4.      (iii) requirements to be complied with in order to maintain the admission to trading; and 

5. (b) the issuers of transferable securities that are to be admitted to trading on the MTF are required to comply with those rules.