The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021

The Financial Services and Markets Act 2000

2.—(1) The Financial Services and Markets Act 2000 is amended as follows.

(2) In section 122IA(1) (power to suspend auctioning of auctioned products on a recognised auction platform)—

(a) in subsection (1), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”;

(b) in subsection (7), for the words from “(as defined” to the end, substitute “, within the meaning of regulation 4 of the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021(2)”.

(3) In section 131AB(1) (interpretation)(3), in the definition of “emission allowance”, for the words from “has the meaning” to the end, substitute “means emission allowance as described in paragraph 11 of Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(4).”.

(1)

Section 122IA was inserted by S.I. 2017/701.

(2)

S.I. 2021/484.

(3)

Section 131AB was inserted by S.I. 2016/680 and amended by S.I. 2017/701 and 2019/310.

(4)

S.I. 2001/544. Schedule 2 was substituted by S.I. 2006/3384. Paragraph 11 was inserted by 2017/488 and is amended by these Regulations.