- som er karakteriseret ved, at der findes regler, som de kompetente myndigheder har udstedt eller godkendt, og som fastlaegger vilkaarene for markedets funktion, vilkaarene for adgang til markedet samt, naar direktiv 79/279/EOEF finder anvendelse, de vilkaar for adgang til notering, der er fastsat i naevnte direktiv, og naar naevnte direktiv ikke finder anvendelse, de vilkaar, som et finansielt instrument skal opfylde, for at det faktisk kan omsaettes paa markedet
- is characterized by the fact that regulations issued or approved by the competent authorities define the conditions for the operation of the market, the conditions for access to the market and, where Directive 79/279/EEC is applicable, the conditions governing admission to listing imposed in that Directive and, where that Directive is not applicable, the conditions that must be satisfied by a financial instrument before it can effectively be dealt in on the market,