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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

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relevant liquid market

52a market for a share determined in accordance with paragraph 2 and 8 of Article 9 of the MiFID Regulation, in many cases this will be the Member State where the share or the unit was first admitted to trading on a regulated market.[Note: article 9 of the MiFID Regulation]