[312A Exercise of passport rights by EEA market operator]
[312A Exercise of passport rights by EEA market operator]

[(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 the [venue] in question, or in connection with, or for the purposes of, that business.