Regulation 3 Amendment of definitions of “approved market” and “approved securities”

the definition of “approved market” shall be deleted and the following substituted–

• ““approved market” means the principal or only market established in a member State on which shares admitted to the Official List of that member State are dealt in or traded and the principal or only market established under the rules of an investment exchange specified in Part I of Schedule 1 to these Regulations and also any market specified in Part II of that Schedule;”; and

sub-paragraphs (a) and (b) of the definition of “approved securities” shall be deleted and the following substituted–

“(a)

transferable securities which are admitted to the Official List of a member State;

(b)

transferable securities which are traded on or under the rules of an approved market otherwise than by virtue of the specific permission of the market authority; and

(c)

recently issued transferable securities,”.