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  2. Point in time
    2018-04-13

multilateral trading facility

      118(in accordance with article 3(1) of the Regulated Activities Order):

          1. 118a multilateral trading facility (within the meaning of article 4(1)(22) of MiFID) operated by an investment firm, a credit institution or a market operator; or
          1. 118(b) a facility which:
            1. 118(i) is operated by an investment firm, a credit institution or a market operator which does not have a Home State; and
            1. 118(ii) if its operator had a Home State, would be a multilateral trading facility within the meaning of article 4(1)(22) of MiFID.
            [Note: article 4(1)(22)118 of MiFID]