Regulation 2 Amendments to the Recognised Auction Platforms Regulations 2011

in sub-paragraph (a), omit “established in the United Kingdom”;

after sub-paragraph (a), insert—

“(aa)

investment firms which—

(i)

satisfy the condition in sub-paragraph (a)(i); and

(ii)

are authorised under Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments^f2 as amended from time to time;”;

in sub-paragraph (b), omit “established in the United Kingdom”;

after sub-paragraph (b), insert—

“(ba)

credit institutions which—

(i)

satisfy the condition in sub-paragraph (b)(i); and

(ii)

are authorised under Directive 2013/36/EU of the European Parliament and of the Council on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms^f3 as amended from time to time;”;

in the closing words of paragraph (4), omit the words from “on the same terms” to the end.