The Financial Services Act 1986 (EEA Regulated Markets) (Exemption) Order 1995

• Citation: S.I. 1995/3273
• Sections: 2

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Financial Services Act 1986 (EEA Regulated Markets) (Exemption) Order 1995 and shall come into force on 1st January 1996.

(2) In this Order—

“EEA State” means a State which is a contracting party to the agreement on the European Economic Area signed at Oporto on the 2nd May 1992 as adjusted by the Protocol signed at Brussels on 17th March 1993 ;

“the Investment Services Directive” means the Council Directive on investment services in the securities field ( No. 93/22/ EEC ) .

Section 2 Exemption of certain European markets

A person who provides the trading facilities constituting a market which—

(a) appears on the list drawn up by an EEA State other than the United Kingdom pursuant to article 16 of the Investment Services Directive; and

(b) operates without any requirement that a person dealing on the market should have a physical presence in the EEA State from which the trading facilities are provided or on any trading floor that the market may have,

is an exempted person as respects anything done in connection with or for the purposes of the provision of those trading facilities.