Requirement (MIFID)
Article 16 Determination of the substantial importance of a regulated market's operations in a host Member State
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
The operations of a regulated market in a host Member State
shall be considered to be of substantial importance for the
functioning of the securities markets and the protection of
investors in that host State where one of the following criteria is
met:
(a) the host Member State has formerly been the home
Member State of the regulated market in question;
(b) the regulated market in question has acquired through
merger, takeover, or any other form of transfer the business
of a regulated market which had its registered office or head
office in the host Member State.
Comment
Applies to Article 56(2) of Directive 2004/39/EC