S.I.2001/996.
O.J. L 96, 12.4.2003, p.16; applied to the EEA by Joint Committee Decision 38/2004 of 23 April 2004 (not yet published in the Official Journal of the European Communities).
S.I.2001/995.
Reg. 1 in force at 1.7.2005, see reg. 1(2)
Reg. 2 in force at 17.3.2005, see reg. 1(3)(a)
Reg. 3 in force at 17.3.2005, see reg. 1(3)(a)
Reg. 4 in force at 1.7.2005, see reg. 1(2)
Reg. 5 in force at 1.7.2005, see reg. 1(2)
Reg. 6 in force at 1.7.2005, see reg. 1(2)
Reg. 7 in force at 1.7.2005, see reg. 1(2)
Reg. 8 in force at 17.3.2005, see reg. 1(3)(a)
Reg. 9 in force at 1.7.2005, see reg. 1(2)
Reg. 10 in force at 1.7.2005, see reg. 1(2)
Reg. 11 in force at 1.7.2005, see reg. 1(2)
These Regulations may be cited as the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2005.
Except as provided for in paragraph (3), these Regulations shall come into force on 1st July 2005.
The following provisions shall come into force on 17th March 2005—
regulations 2, 3 and 8,
paragraphs 2, 3, 6 and 11 of Schedule 1.
In these Regulations—
“the 2000 Act” means the Financial Services and Markets Act 2000
“the 2001 Order” means the Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001
In Schedule 1 to the Criminal Justice Act 1993
or with the relevant provisions of Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments
Schedule 1 (which contains amendments to Part 6 of the 2000 Act (official listing)) has effect.
Schedule 2 (which contains amendments to Part 8 of the 2000 Act (market abuse)) has effect.
In subsection (4)(a) of section 150 (actions for damages) of the 2000 Act, for “listing rules” substitute “Part 6 rules”.
In section 395(13) of the 2000 Act after paragraph (b) insert—
96C;
Section 397 (misleading statements and practices) of the 2000 Act is amended as follows.
In subsection (4), for “price stabilising rules or control of information rules” substitute
— price stabilising rules; control of information rules; or the relevant provisions of Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.
In subsection (5), the word “or” after paragraph (b) is repealed and after paragraph (c) insert—
; or that he acted or engaged in the conduct in conformity with the relevant provisions of Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.
The Traded Securities (Disclosure) Regulations 1994
In the 2001 Order, the following definition is inserted before the definition of a “UK recognised investment exchange” in article 3 —
“regulated market” has the meaning given in Article 1(13) of the investment services directive;
In the 2001 Order, for articles 4, 4A and 5 substitute—
There are prescribed, as markets to which subsections (2), (3), (5), (6) and (7) of section 118 apply— all markets which are established under the rules of a UK recognised investment exchange, the market known as OFEX, all other markets which are regulated markets. There are prescribed, as markets to which subsections (4) and (8) of section 118 apply— all markets which are established under the rules of a UK recognised investment exchange; the market known as OFEX. There are prescribed, as qualifying investments in relation to the markets prescribed by article 4, all financial instruments within the meaning given in Article 1(3) of Directive 2003/6/EC of the European Parliament and the Council of 28 January 2003 on insider dealing and market manipulation (market abuse)
In the Schedule to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001