C1 Part VIIIF2Provisions relating to market abuse

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)

Miscellaneous

131ADF1Individual liability in respect of legal persons under Articles 8 and 12 of the market abuse regulation

1

An individual participates in a decision by a body corporate for the purposes of Article 8.5 (insider dealing) or Article 12.4 (market manipulation) of the market abuse regulation where—

a

the individual was an officer of the body corporate when the decision was made; and

b

the FCA are satisfied that the individual was knowingly concerned in the decision.

2

In this section “officer”, in relation to a body corporate, means–

a

a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity; or

b

an individual who is a controller of the body.