http://www.legislation.gov.uk/uksi/2009/3128The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009Capital and financial marketsenFINANCIAL SERVICES AND MARKETS2023-11-24Statute Law Database2009-11-30 These Regulations amend sections 118 and 118A of the Financial Services and Markets Act 2000 (c.8) (“the 2000 Act”) which were substituted, together with sections 118B and 118C, for the original section 118 by the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2005, S.I. 2005/381 as from 1 July 2005. Such Regulations implemented, in part, Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (“the Market Abuse Directive”). The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009reg. 1The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009reg. 1(2)The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009reg. 2The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009reg. 1(2)The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009RegulationsFinancial Services and Markets Act 2023s. 3 Sch. 1 Pt. 2s. 86(3)reg. 2(d)The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009RegulationsFinancial Services and Markets Act 2023Sch. 1 Pt. 2s. 1(4)s. 86(3)reg. 3(b)Sch. 2009 No. 3128 Financial Services And Markets The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009 Made 30th November 2009 Laid before Parliament 1st December 2009 Coming into force 31st December 2009

The Treasury are a government department designated for the purposes of section 2(2) of the European Communities Act 1972(), in relation to insider dealing and market manipulation;

In exercise of the powers conferred on them by section 2(2) of that Act, the Treasury hereby make the following Regulations:
Citation and commencement 1 1 These Regulations may be cited as the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009. 2 These Regulations shall come into force on 31st December 2009. Amendment of Part 8 of the Financial Services and Markets Act 2000<FootnoteRef Ref="f00003"/> 2 1 The Financial Services and Markets Act 2000 Act is amended as follows. 2 In subsection (9) of section 118 (market abuse), for “31 December 2009” substitute “31 December 2011”. 3 In subsection (6) of section 118A (supplementary provision about certain behaviour), for “31 December 2009” substitute “31 December 2011”. Tony Cunningham Dave Watts Two of the Lords Commissioners of Her Majesty’s Treasury 30th November 2009 EXPLANATORY NOTE (This note is not part of the Regulations)

These Regulations amend sections 118 and 118A of the Financial Services and Markets Act 2000 (c.8) (“the 2000 Act”) which were substituted, together with sections 118B and 118C, for the original section 118 by the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2005, S.I. 2005/381 as from 1 July 2005. Such Regulations implemented, in part, Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (“the Market Abuse Directive”).

Subsections 118(4), 118(8), 118A(2) and 118A(3) of the 2000 Act retain the definitions of market abuse which are broader than those in Articles 1 to 5 of the Market Abuse Directive and were already in the original section 118. Section 118(9) (as amended by SI 2008/1439) provides that these provisions will cease to have effect on 31 December 2009; section 118A(6) (as also amended by S.I. 2008/1439) does the same for the related provisions in section 118A.

Regulations 2(2) and 2(3) amend sections 118(9) and 118A(6) of the 2000 Act to change the date on which the provisions affected by those sections will cease to have effect. The result of these amendments is that subsections (4) and (8) of section 118 of the 2000 Act and related ancillary provisions will remain in force until 31 December 2011.

S.I. 2004/2642. 1972 c.68. Section 2(2) and paragraph 2 of Schedule 2 to the 1972 Act were amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51), and section 3 of and the Schedule to the European Union (Amendment) Act 2008. 2000 c.8. Substituted, together with ss. 118A – 118C, for original s.118 by S.I. 2005/381, reg. 5, Sch 2, para 1 as from 1 July 2005, and further amended by S.I. 2008/1439. Substituted and amended as noted to s.118. OJ No L96, 12.4.2003, p.16. Reg. 1 in force at 31.12.2009, see reg. 1(2)Reg. 2 in force at 31.12.2009, see reg. 1(2)
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<Number>2009 No. 3128</Number>
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<Title>The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2009</Title>
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The Treasury are a government department designated
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Amendment of Part 8 of the Financial Services and Markets Act 2000
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The Financial Services and Markets Act
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These Regulations amend sections 118 and 118A of the
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<Acronym Expansion="European Community">EC</Acronym>
</Citation>
of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation
<FootnoteRef Ref="f00006"/>
(“the Market Abuse Directive”).
</Text>
</P>
<P>
<Text>
Subsections 118(4), 118(8), 118A(2) and 118A(3) of the 2000 Act retain the definitions of market abuse which are broader than those in Articles 1 to 5 of the Market Abuse Directive and were already in the original section 118. Section 118(9) (as amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1439" id="c00004" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1439">SI 2008/1439</Citation>
) provides that these provisions will cease to have effect on 31 December 2009; section 118A(6) (as also amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1439" id="c00005" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1439">S.I. 2008/1439</Citation>
) does the same for the related provisions in section 118A.
</Text>
</P>
<P>
<Text>Regulations 2(2) and 2(3) amend sections 118(9) and 118A(6) of the 2000 Act to change the date on which the provisions affected by those sections will cease to have effect. The result of these amendments is that subsections (4) and (8) of section 118 of the 2000 Act and related ancillary provisions will remain in force until 31 December 2011.</Text>
</P>
</ExplanatoryNotes>
</Secondary>
<Footnotes>
<Footnote id="f00001">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/uksi/2004/2642" id="c00006" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="2642">S.I. 2004/2642</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00002">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1972/68" id="c00007" Class="UnitedKingdomPublicGeneralAct" Year="1972" Number="0068">1972 c.68</Citation>
. Section 2(2) and paragraph 2 of Schedule 2 to the 1972 Act were amended by section 27 of the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/51" id="c00008" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="0051">Legislative and Regulatory Reform Act 2006 (c.51)</Citation>
, and section 3 of and the Schedule to the European Union (Amendment) Act 2008.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00003">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00009" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0008">2000 c.8</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00004">
<FootnoteText>
<Para>
<Text>
Substituted, together with ss. 118A – 118C, for original s.118 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/381" id="c00010" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="0381">S.I. 2005/381</Citation>
, reg. 5, Sch 2, para 1 as from 1 July 2005, and further amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1439" id="c00011" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1439">S.I. 2008/1439</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00005">
<FootnoteText>
<Para>
<Text>Substituted and amended as noted to s.118.</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00006">
<FootnoteText>
<Para>
<Text>
<Acronym Expansion="Official Journal">OJ</Acronym>
No L96, 12.4.2003, p.16.
</Text>
</Para>
</FootnoteText>
</Footnote>
</Footnotes>
<Commentaries>
<Commentary Type="I" id="key-8b5453e565ed248b1132f5edec1babca">
<Para>
<Text>
Reg. 1 in force at 31.12.2009, see
<CitationSubRef id="n7f92aa045d47214d" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2009/3128/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-f6d70591a04352fb2c85c4a64e26d877">
<Para>
<Text>
Reg. 2 in force at 31.12.2009, see
<CitationSubRef id="nd798d45110e87a96" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2009/3128/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>