# Commission Regulation (EC) No 1287/2006 of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards record-keeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of that Directive (Text with EEA relevance), Article 2: Definitions

Extent: E+W+S+N.I.

For the purposes of this Regulation, the following definitions shall apply:
(1) ‘commodity’ means any goods of a fungible nature that are capable of being delivered, including metals and their ores and alloys, agricultural products, and energy such as electricity;
(2) ‘issuer’ means an entity which issues transferable securities and, where appropriate, other financial instruments;
(3) ‘Community issuer’ means an issuer which has its registered office in the Community;
(4) ‘third country issuer’ means an issuer which is not a Community issuer;
(5) ‘normal trading hours’ for a trading venue or an investment firm means those hours which the trading venue or investment firm establishes in advance and makes public as its trading hours;
(6) ‘portfolio trade’ means a transaction in more than one security where those securities are grouped and traded as a single lot against a specific reference price;
(7) ‘relevant competent authority’ for a financial instrument means the competent authority of the most relevant market in terms of liquidity for that financial instrument;
(8) ‘trading venue’ means a regulated market, MTF or systematic internaliser acting in its capacity as such, and, where appropriate, a system outside the Community with similar functions to a regulated market or MTF;
(9) ‘turnover’, in relation to a financial instrument, means the sum of the results of multiplying the number of units of that instrument exchanged between buyers and sellers in a defined period of time, pursuant to transactions taking place on a trading venue or otherwise, by the unit price applicable to each such transaction;
(10) ‘securities financing transaction’ means an instance of stock lending or stock borrowing or the lending or borrowing of other financial instruments, a repurchase or reverse repurchase transaction, or a buy-sell back or sell-buy back transaction.

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Source: https://www.legislation.gov.uk/eur/2006/1287/article/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2006-1287/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.