Regulation 5 Finance Act 1991I1

omit paragraph (aa);

for sub-paragraph (i) of paragraph (b) substitute—

“(i)

a UK regulated market (within the meaning given by Article 2.1(13A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments)^f3;

(ia)

a UK multilateral trading facility (within the meaning given by Article 2.1(14A) of that Regulation);

(ib)

an EU regulated market (within the meaning given by Article 2.1(13B) of that Regulation);

(ic)

an EU multilateral trading facility (within the meaning given by Article 2.1 (14B) of that Regulation);

(id)

a regulated market (within the meaning given by Article 2.1(13) of that Regulation) which is authorised and functions regularly and in accordance with Part 3 of the Financial Services (Markets in Financial Instruments) Act 2018 of Gibraltar^f4;

(ie)

a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments (in the system and in accordance with non-discretionary rules) in a way which results in a contract in accordance with Part 2 of the Financial Services (Markets in Financial Instruments) Act 2018 of Gibraltar;”;