Schedule 2, paragraph 5(3)

After subsection (3) insert— A person (“P”) is connected with an EEA market operator if— P is an investment firm and is a subsidiary undertaking of the market operator, or P is an investment firm and is a subsidiary undertaking of a parent undertaking of the market operator. In subsection (2)— “EEA market operator” has the meaning given in section 312D (interpretation of Chapter 3A); and “home state regulator”, in relation to an EEA market operator, has the meaning given in section 312D.

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Source: legislation.gov.uk · retrieved 2026-09-04