A market prescribed by the Treasury in the Prescribed Markets and Qualifying Investments Order (SI 2001/996) (as amended) for the purposes of the market abuse regime. They include any market established under the rules of a UK recognised investment exchange and all other regulated markets based in European Economic Area countries. The civil offence of market abuse under the Financial Services and Markets Act 2000 may be committed in relation to qualifying investments admitted to trading (or in respect of which a request has been made for admission to trading) on a prescribed market.
For more information, see the Code of Market Conduct on the Financial Service Authority's website.
Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.