In regulation 3(1) -

(a) omit the definition of "European Supervisory Authorities";

(b) [deleted]

(c) after the definition of "markets in financial instruments directive", insert -

""markets in financial instruments regulation" means Regulation (EU) 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (as that Regulation forms part of domestic law under section 3 of the European Union (Withdrawal) Act 2018);";

(d) in the definition of "regulated market" -

(i) for paragraph (a), substitute -

"(a) within the United Kingdom, means a UK regulated market, as defined by Article 2(1)(13A) of the markets in financial instruments regulation;";

(ii) for paragraph (b), substitute -

"(b) outside the United Kingdom, means -

(i) within the EEA, an EU regulated market, as defined by Article 2(1)(13B) of the markets in financial instruments regulation; or

(ii) outside the EEA, a regulated financial market which subjects companies whose securities are admitted to trading to disclosure obligations which are equivalent to the specified disclosure obligations;";

(e) omit the definition of "the Solvency 2 directive";