S.L. 345.11 Art. 2Interpretation.

In these regulations, unless the context otherwise requires -

"Act" means the Financial Markets Act;

"competent authority" means the Malta Financial Services Authority appointed under article 2 of the Act;

"ESMA" means the European Securities and Markets Authority established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010; "European regulated market" means a regulated market as defined in Article 4(1)(21) of MiFID authorised by its European regulatory authority within the meaning of Article 44 of MiFID; "European right" means the entitlement of a Maltese or a European regulated market to provide appropriate arrangements in a Member State or EEA State other than that in which it has been authorised, so as to facilitate access to and trading on such a market by remote members or participants established in the territory of that other Member State or EEA State;

"Home Member State or EEA State" means the Member State or EEA State in which the regulated market is registered or, if under the law of that Member State or EEA State it has no registered office, the Member State or EEA State in which the head office of the regulated market is situated;

"Host Member State or EEA State" means the Member State or EEA State in which a Maltese regulated market provides appropriate arrangements so as to facilitate access to trading on its system by remote members or participants established in that same Member State or EEA State;

"Maltese regulated market" means a regulated market authorised in terms of the Act that is entitled to carry on an activity in exercise of a European right a Member State or EEA State other than Malta; "MiFID" means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder.

(2) Words and expressions which are also used in the Act shall have the same meaning as in the Act.

Part I Exercise of European Right by European Regulated Markets