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Financial Services and Markets Act 2000, Section 122H is up to date with all changes known to be in force on or before 05 September 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)If condition A or B is met, the FCA may, by notice in writing, require a person to publish—
(a)specified information; or
(b)a specified statement
correcting false or misleading information made public, or a false or misleading impression given to the public, by that person.
(2)Condition A is met if the FCA considers that the publication of the information or statement is necessary for the purpose of protecting—
(a)the interests of users of financial markets and exchanges in the United Kingdom; or
(b)the orderly operation of financial markets and exchanges in the United Kingdom.
(3)Condition B is met if the FCA considers that the publication of the information or statement is necessary for the purpose of the exercise by it of functions under the market abuse regulation or [F2under supplementary market abuse legislation].
(4)Information or statements required to be published under this section must be published—
(a)before the end of such reasonable period as may be specified; and
(b)by any method as may be specified.
(5)If a person fails to comply with a requirement to publish information or a statement under this section the FCA may publish the information or statement.
(6)But before doing so, the FCA must give that person an opportunity to make representations to it regarding its decision to publish the information or statement under subsection (5).
(7)In this section “specified” means specified in the notice.]
Textual Amendments
F1Ss. 122A-122I and cross-headings inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(4)
F2Words in s. 122H(3) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 5(5); 2020 c. 1, Sch. 5 para. 1(1)
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