A market within the meaning of Article 4.1(14) of the Markets in Financial Instruments Directive (MiFID) (that is, 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 Title III of MiFID).
A list of regulated markets within the EEA is maintained on the website of the European Commission. UK regulated markets are listed on the websites of the Takeover Panel and the Financial Services Authority. The UK regulated markets include a number of markets operated by the London Stock Exchange (the Domestic Market, the Gilt Edged and Fixed Income Market, the International Retail Service, the International Order Book, the International Bulletin Board and the Dutch Trading Service), the Regulated Market Segments for SMI securities and pan-European securities operated by Virt-x, EDX, LIFFE and the PLUS-listed market operated by PLUS Markets plc
Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.