F1SCHEDULE 1Modifications of the Act for the purposes of Articles 37 to 43 of the emission allowance auctioning regulation

Annotations:
Amendments (Textual)

8

Section 123A (power to prohibit individuals from managing or dealing) has effect as if—

a

in subsection (1)—

i

in paragraph (a) the reference to Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation were to Article 38 (prohibition of insider dealing), Article 39 (other prohibited uses of inside information) or Article 41 (prohibition of market manipulation) of the emission allowance auctioning regulation; and

ii

in paragraph (b) the reference to a provision of the market abuse regulation or a supplementary EU regulation were to Article 42 of the emission allowance auctioning regulation; and

b

in subsection (2)—

i

in paragraph (b) the reference to financial instruments were to auctioned products; and

ii

after paragraph (b) there were inserted—

c

a temporary prohibition on the individual making a bid, on his or her own account or the account of a third party, directly or indirectly, at an auction conducted by a recognised auction platform.

c

in subsection (3) the reference to Article 14 or 15 of the market abuse regulation were to Article 38, 39 or 41 of the emission allowance auctioning regulation.