NYSE Euronext operates Euronext Securities Markets in Amsterdam, Brussels, Lisbon, London and Paris via its five Euronext Market Undertakings (market operators). These Euronext Securities Markets are Regulated Markets within the meaning of the Markets in Financial Instruments Directive (MiFID). As such, they are governed by a common set of rules applicable to all the Euronext Securities Marketsthe so-called Harmonised Rules (Rule Book – Book I, which applies also to the Euronext Derivatives Markets)and each by a set of local rules applicable to that particular marketthe so-called Non-Harmonised Rules (Rule Book – Book II).