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The Market Abuse (Amendment) (EU Exit) Regulations 2019

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Changes over time for: Section 7

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Version Superseded: 29/08/2023

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Status:

Point in time view as at 31/12/2020. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Market Abuse (Amendment) (EU Exit) Regulations 2019, Section 7. Help about Changes to Legislation

Amendment of the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016U.K.

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7.—(1) The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 M1 are amended as follows.

(2) In regulation 2 (interpretation)—

(a)omit the definition of “supplementary EU regulation”;

(b)after the definition of “the market abuse regulation” insert—

supplementary market abuse enactment” means—

(a)any EU regulation made under the market abuse regulation which is retained direct EU legislation;

(b)any instrument made under the market abuse regulation on or after [F1IP completion day]..

(3) Regulation 3 (designation of competent authority) is omitted.

(4) In regulation 4(1) (delayed public disclosure of inside information), for “competent authority specified under Article 17.3 only upon the request of that authority” substitute “ FCA only upon the FCA's request ”.

(5) In regulations 6(1) and 7 (applications and notifications under the market abuse regulation), for “supplementary EU regulation” substitute “ supplementary market abuse enactment ”.

(6) In regulation 23 (review), omit paragraph (2).

(7) In the Schedule (reporting of actual or potential contraventions of the market abuse regulation to the FCA)—

(a)in paragraph 4(2), omit “an EU obligation or”;

(b)in paragraph 8(2), omit “and that of other competent authorities”.

Textual Amendments

Commencement Information

I1Reg. 7 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

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