8.—(1) No person shall establish a stock exchange in the State unless it is an approved stock exchange.
(2) No person shall operate a stock exchange established in the State unless it is an approved stock exchange.
(3) A person who contravenes subsection (1) or (2) of this section shall be guilty of an offence.
(4) In this section “established in the State” excludes any stock exchange which provides services electronically to Irish clients and whose head office or registered office is outside the State.
