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4. Deemed recognised market operators

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(1)

The corporations known as —

(a)

Bloomberg Tradebook Singapore Pte Ltd;

(b)

BrokerTec USA, LLC;

(c)

Chicago Mercantile Exchange Inc.;

(d)

Euronext Paris S.A.;

(e)

Garban, LLC;

(f)

LIFFE Administration and Management;

(g)

MarketAxess Europe Limited;

(h)

New York Mercantile Exchange, Inc.;

(i)

The International Petroleum Exchange of London Limited; and

(j)

TradeWeb Europe Limited,which were each recognised as a recognised trading system provider under section 36 of the Act in force immediately before 1st July 2005 shall each be deemed to have been recognised as a recognised market operator under section 8(2) of the Act.

(2)

Any condition or restriction imposed by the Authority, by notice in writing, on any of the corporations referred to in paragraph (1) as a recognised trading system provider and in force immediately before 1st July 2005 shall be deemed to be a condition or restriction to which its recognition under section 8(2) of the Act is subject.

Subregulation 1

The corporations known as —

(a)

Bloomberg Tradebook Singapore Pte Ltd;

(b)

BrokerTec USA, LLC;

(c)

Chicago Mercantile Exchange Inc.;

(d)

Euronext Paris S.A.;

(e)

Garban, LLC;

(f)

LIFFE Administration and Management;

(g)

MarketAxess Europe Limited;

(h)

New York Mercantile Exchange, Inc.;

(i)

The International Petroleum Exchange of London Limited; and

(j)

TradeWeb Europe Limited,which were each recognised as a recognised trading system provider under section 36 of the Act in force immediately before 1st July 2005 shall each be deemed to have been recognised as a recognised market operator under section 8(2) of the Act.

Subregulation 2

Any condition or restriction imposed by the Authority, by notice in writing, on any of the corporations referred to in paragraph (1) as a recognised trading system provider and in force immediately before 1st July 2005 shall be deemed to be a condition or restriction to which its recognition under section 8(2) of the Act is subject.

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