(1) Behaviour is to be taken into account for the purposes of this Part only if it occurs -
(a) in the United Kingdom, or
(b) in relation to -
(i) qualifying investments which are admitted to trading on a prescribed market situated in, or operating in, the United Kingdom,
(ii) qualifying investments for which a request for admission to trading on such a prescribed market has been made, or
(iii) in the case of section 118(2) and (3), investments which are related investments in relation to such qualifying investments.
(2) For the purposes of subsection (1), as it applies in relation to section 118(8), a prescribed market accessible electronically in the United Kingdom is to be treated as operating in the United Kingdom.
(3) For the purposes of section 118(8), the behaviour that is to be regarded as occurring in relation to qualifying investments includes behaviour which -
(a) occurs in relation to anything that is the subject matter, or whose price or value is expressed by referenc