The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018

This section has no associated Explanatory Memorandum

42.—(1) In section 123 M1 of the Act (power to impose penalties or issue censure) in subsection (1)(c)(i) after “122H,” insert “ 122HA, ”.

(2) In sections 123A and 123B of the Act (power to prohibit individuals from managing or dealing and suspending permission to carry on regulated activities etc.) in each subsection (1)(c) after “122H,” insert “ 122HA, ”.

(3) In section 124 of the Act (statement of policy)—

(a)in subsection (2) after “market abuse regulation” insert “ or Article 43(1) of the EU Benchmarks Regulation 2016 ”;

(b)in subsection (10), in paragraph (c)(i) of the definition of “relevant person”, after “122H,” insert “ 122HA, ”.

Marginal Citations

M1Sections 123 to 123C were substituted by regulation 9(1) and (5) of S.I. 2016/680.