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{{a|cobs|}}{{update|MiFID 2}} | |||
[http://fshandbook.info/FS/glossary-html/handbook/Glossary/R?definition=G978 FCA definition of Regulated Market] | [http://fshandbook.info/FS/glossary-html/handbook/Glossary/R?definition=G978 FCA definition of Regulated Market] | ||
:''(1) a multilateral system operated and/or managed by a market operator, which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments - in the system and in accordance with its non-discretionary rules - in a way that results in a contract, in respect of the financial instruments admitted to trading under its rules and/or systems, and which is authorised and functions regularly and in accordance with the provisions of Title III of MiFID.'' <br> | |||
{{ | Interesting if you are trying to work out whether a client must give permission for execute transactions outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}} - see {{tag|COBS}} {{cobsprov|11.2.26}}. It will be limited to markets operating inside the {{tag|European Union}} that is authorised under Title III of {{tag|MiFID}}. This means if your product is only admitted to trading on a market outside the {{tag|European Union}}, then you will not need to get permission to handle orders outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}}. |