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Financial Services and Markets Act 2000

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Changes over time for: Section 82

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Point in time view as at 29/06/2023.

Changes to legislation:

Financial Services and Markets Act 2000, Section 82 is up to date with all changes known to be in force on or before 12 January 2025. 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. Help about Changes to Legislation

82 Exemptions from disclosure.U.K.

This section has no associated Explanatory Notes

(1)The [F1FCA] may authorise the omission from listing particulars of any information, the inclusion of which would otherwise be required by section 80 or 81, on the ground—

(a)that its disclosure would be contrary to the public interest;

(b)that its disclosure would be seriously detrimental to the issuer; or

(c)in the case of securities of a kind specified in listing rules, that its disclosure is unnecessary for persons of the kind who may be expected normally to buy or deal in securities of that kind.

(2)But—

(a)no authority may be granted under subsection (1)(b) in respect of essential information; and

(b)no authority granted under subsection (1)(b) extends to any such information.

(3)The Secretary of State or the Treasury may issue a certificate to the effect that the disclosure of any information (including information that would otherwise have to be included in listing particulars for which they are themselves responsible) would be contrary to the public interest.

(4)The [F1FCA] is entitled to act on any such certificate in exercising its powers under subsection (1)(a).

(5)This section does not affect any powers of the [F1FCA] under listing rules made as a result of section 101(2).

(6)Essential information” means information which a person considering acquiring securities of the kind in question would be likely to need in order not to be misled about any facts which it is essential for him to know in order to make an informed assessment.

(7)Listing particulars” includes supplementary listing particulars.

Textual Amendments

F1Words in ss. 73A-84 substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 16(2)(3)(a), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

Commencement Information

I1S. 82 wholly in force at 1.12.2001; s. 82 not in force at Royal Assent see s. 431(2); s. 82(1)(5)(7) in force for specified purposes at 18.6.2001 by S.I. 2001/1820, art. 2, Sch.; s. 82 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)

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