Order of the Court (Eighth Chamber) of 3 October 2025.#SC Sadalbari SRL v Autoritatea de Supraveghere Financiară.#Request for a preliminary ruling from the Curtea de Apel Bucureşti.#Reference for a preliminary ruling – Article 53(2) and Article 99 of the Rules of Procedure of the Court of Justice – Response which may be clearly deduced from the case-law – Markets in financial instruments – Directive 2004/39/EC – Article 4(1)(14) – Definition of ‘regulated market’ – Authorisation – Functional requirements – Market administered, following a merger, by a legal person also administering a regulated market – Article 94(c) of the Rules of Procedure – Manifest inadmissibility.#Case C-163/25.