(1) The Schedule to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 [S.I. 2005/1529, amended by S.I. 2006/2383.] is amended as follows.
(2) In Part I (controlled activities) -
(a) after paragraph 4 insert -
"Operating a multilateral trading facility
4A. Operating a multilateral trading facility on which MiFID instruments are traded is a controlled activity.";
(b) in paragraph 11 after "10B above" insert "(other than paragraph 4A)".
(3) In Part II (controlled investments), in paragraph 21 (options) -
(a) the existing text becomes sub-paragraph (1);
(b) in sub-paragraph (1) -
(i) at the end of paragraph (c) omit "or";
(ii) at the end of paragraph (d) insert -
";
(e) subject to sub-paragraph (4), an option to acquire or dispose of an option to which paragraph 5, 6, 7 or 10 of Section C of Annex I to the markets in financial instruments directive applies";
(c) after sub-paragraph (1) insert -
"(2) Subject to sub-paragraph (4), options -
(a) to which sub-