ABBL and ALFI Guidelines and Recommendations for Depositaries
ABBL and ALFI Guidelines and Recommendations for Depositaries
ABBL and ALFI Guidelines and Recommendations for Depositaries
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5454 Definition of regulated market pursuant to the law of 13 July 2007 on markets in financialinstruments, as amended: “regulated market” means a multilateral system operated <strong>and</strong>/ormanaged by a market operator, which brings together or facilitates the bringing together ofmultiple third-party buying <strong>and</strong> selling interests in financial instruments – in the system <strong>and</strong> inaccordance with its non-discretionary rules - in a way that results in a contract, in respect of thefinancial instruments admitted to trading under its rules or systems, <strong>and</strong> which is authorised <strong>and</strong>functions regularly <strong>and</strong> in accordance with the provisions of Title III of the 2004/39/EC Directive. InLuxembourg, such systems are recorded in the official table of regulated markets held by theCommission pursuant to Article 16. In the other Member States, such systems are recorded on a listcompiled by the European Commission pursuant to Article 47 of the 2004/39/EC Directive. In thirdcountries, such systems are authorised <strong>and</strong>/or supervised by a public authority <strong>and</strong> functionregularly <strong>and</strong> in accordance with provisions equivalent to those stated in Chapter 1 of this Title.30