Regulation 10 Interpretation of Part 3

In this Part—

• “ancillary service” has the meaning given in Article 4.1.3 of the markets in financial instruments directive;

• “EEA Passport Rights Regulations” means the Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001^f1;

• “EEA State” has the meaning given in paragraph 8 of Schedule 3;

• “EEA market operator” has the meaning given in section 312D of the Act (inserted by these Regulations);

• “financial instrument” has the meaning given in Article 4.1.17 of the markets in financial instruments directive;

• “home state regulator” the meaning given in paragraph 9 of Schedule 3;

• “instrument” (except in the expression “financial instrument”) means any of the instruments listed in Section B of the Annex to the investment services directive;

• “investment service” (except in the expression “investment services and activities”) has the meaning given in Article 1.1 of the investment services directive;

• “investment services and activities” has the meaning given in Article 4.1.2 of the markets in financial instruments directive;

• “multilateral trading facility” has the meaning given in Article 4.1.15 of the markets in financial instruments directive;

• “non-core service” means any of the services listed in Section C of the Annex to the investment services directive;

• “recognised investment exchange” has the meaning given in section 285 of the Act;

• “regulated activity” has the meaning given in section 22 of the Act;

• “regulated market” has the meaning given in Article 4.1.14 of the markets in financial instruments directive;

• “Schedule 3” means Schedule 3 to the Act;

• “UK investment firm” means a UK firm (within the meaning of paragraph 10 of Schedule 3^f2)—

  1. (a)

     which is an investment firm (within the meaning of the investment services directive); and

  2. (b)

     whose EEA right derives from that directive.