[(1) An EEA market operator may, in pursuance of the right under the applicable provision, make arrangements in the United Kingdom to facilitate access to, or use of, a specified [trading venue] operated by it if—
(a) the operator has given its home state regulator notice of its intention to make such arrangements; and
(b) the home state regulator has given [the FCA] notice of the operator's intention.
(2) In making arrangements under subsection (1), the operator is exempt from the general prohibition as respects any regulated activity which is carried on as a part of its business of operating
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