http://www.legislation.gov.uk/uksi/2019/310/part/3/madeThe Market Abuse (Amendment) (EU Exit) Regulations 2019enKing's Printer of Acts of Parliament2019-08-14EXITING THE EUROPEAN UNIONFINANCIAL SERVICES These Regulations are made in exercise of the powers in section 8(1) of the European Union (Withdrawal) Act 2018 in order to address failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (and in particular the deficiencies referred to in paragraphs (a), (b), (c), (d), (e) and (g) of section 8(2) of that Act). They amend the Criminal Justice Act 1993, Part 8 of the Financial Services and Markets Act 2000, the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016, Regulation (EU) 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation (EU) 2016/522 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators or market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers’ transactions. PART 3 Amendment of primary legislation using powers in the European Union (Withdrawal) Act 2018 Amendment of the Criminal Justice Act 1993 4 In Schedule 1 to the Criminal Justice Act 1993, in paragraph 5(1) (as numbered and amended by regulation 2), in paragraph (a), for the words from “and each” to the end substitute— and— i each EU regulation, originally made under that Article before that time, which is retained direct EU legislation; and ii all subordinate legislation (within the meaning of the Interpretation Act 1978) made under that Article on or after exit day; . Amendment of the Financial Services and Markets Act 2000 5 1 Part 8 of the Financial Services and Markets Act 2000 is amended as follows. 2 In section 122B (general power to require information)— a in subsection (2), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”; b for subsections (6) and (7), substitute— 6 The FCA may exercise its powers under this section at the request of an overseas regulator where the regulator makes the request in the exercise of its relevant functions. 6A In subsection (6)— “overseas regulator” means— the competent authority of an EEA State for the purposes of the market abuse regulation, as that regulation has effect in the European Union (the “EU version of the market abuse regulation”); or an authority of any other country or territory outside the United Kingdom which exercises functions corresponding to those of a competent authority under the EU version of the market abuse regulation; “relevant functions” means— in relation to the competent authority of an EEA State, its functions under— the EU version of the market abuse regulation; or a directly applicable EU regulation made under the EU version of the market abuse regulation; in relation to an authority of any other country or territory outside the United Kingdom, its functions corresponding to the functions referred to in paragraph (a); ; 3 In section 122D (entry of premises under warrant)— a in subsection (10)— i for “EEA” substitute “overseas”; ii for “functions under the market abuse regulation or a supplementary EU regulation” substitute “relevant functions”; b after subsection (10), insert— 10A In subsection (10), “overseas regulator” and “relevant functions” have the meaning given in section 122B(6A). ; c omit subsection (11). 4 In section 122G (publication of information and corrective statements by issuers), in subsection (3)(b), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”. 5 In section 122H(3) (publication of corrective statements generally), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”. 6 In section 122I(1) (power to suspend trading in financial instruments), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”. 7 Omit section 122IA (power to suspend auctioning of auctioned products on a recognised auction platform). 8 In section 123(1) (power to impose penalties or issue censure)— a in paragraph (b)(ii) and (c)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”; b in paragraph (c)(i), omit “122IA,”; 9 In section 123A (power to prohibit individuals from managing or dealing) a in subsection (b)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”; b in subsection (1)(c), omit “, 122IA”; c in subsection (2), omit paragraph (c); d omit subsection (8). 10 In section 123B(1) (suspending permission to carry on regulated activities etc.)— a in paragraph (b)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”; b in paragraph (c), omit “, 122IA”. 11 In section 124(10) (statement of policy), in the definition of “relevant person”— a in paragraphs (b)(ii) and (c)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”; b in paragraph (c)(i), omit “122IA,”. 12 In section 129 (power of court to impose administrative sanctions in cases of market abuse) a in subsection (7), in the definition of “temporary prohibition”— i at the end of paragraph (a), insert “or”; ii omit paragraph (c) and the “or” preceding it; b omit subsection (8); c in subsection (9)(a), for “a supplementary EU regulation” substitute “by supplementary market abuse legislation”. 13 In section 131AA— a in subsection (1)(c) (reporting of infringements) omit “, EEA central counterparties,”; b in subsection (2), for “EU regulation” substitute “market abuse legislation”. 14 In section 131AB (interpretation) a the existing text becomes subsection (1); b in subsection (1)— i omit the definition of “EEA regulator”; ii for the definition of “financial instrument” substitute— “financial instrument” means any instrument specified in Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order, read with Part 2 of that Schedule; ; iii omit the definition of “recognised auction platform”; iv omit the definition of “supplementary EU regulation”; c after subsection (1), insert— 2 The following are supplementary market abuse legislation for the purposes of this Part— a an EU regulation, originally made under the market abuse regulation, which is retained direct EU legislation; and b subordinate legislation (within the meaning of the Interpretation Act 1978) made under the market abuse regulation on or after exit day. . Sections 122B-122H, 122I, 131AA and 131AB of Part 8 were inserted by S.I. 2016/680. Section 122IA was inserted by S.I. 2017/701. Sections 123, 123A, 123B and 129 were substituted by S.I. 2016/680. Section 123A(2)(c) and (8) were inserted by S.I. 2017/701. Section 124(10) was inserted by S.I. 2016/680. Paragraph (c) of the definition of “temporary prohibition” in subsection (7), and subsection (8) were inserted by S.I. 2017/701. Subsection (9) was inserted by S.I. 2017/1255. Section 131AA was inserted, with section 131AB, by S.I. 2016/680. The definitions of “emission allowance” and “recognised auction platform” were inserted by S.I. 2017/701. S.I. 2001/544.
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<dc:description>These Regulations are made in exercise of the powers in section 8(1) of the European Union (Withdrawal) Act 2018 in order to address failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (and in particular the deficiencies referred to in paragraphs (a), (b), (c), (d), (e) and (g) of section 8(2) of that Act). They amend the Criminal Justice Act 1993, Part 8 of the Financial Services and Markets Act 2000, the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016, Regulation (EU) 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation (EU) 2016/522 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators or market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers’ transactions.</dc:description>
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<Title>Amendment of primary legislation using powers in the European Union (Withdrawal) Act 2018</Title>
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<Title>Amendment of the Criminal Justice Act 1993</Title>
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<Text>In Schedule 1 to the Criminal Justice Act 1993, in paragraph 5(1) (as numbered and amended by regulation 2), in paragraph (a), for the words from “and each” to the end substitute—</Text>
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<P1group>
<Title>Amendment of the Financial Services and Markets Act 2000</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5" id="regulation-5">
<Pnumber>5</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/1/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/1" id="regulation-5-1">
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Part 8 of the Financial Services and Markets Act 2000
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is amended as follows.
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<Text>In section 122B (general power to require information)—</Text>
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<P3para>
<Text>in subsection (2), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”;</Text>
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<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/2/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/2/b" id="regulation-5-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>for subsections (6) and (7), substitute—</Text>
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<P2>
<Pnumber>6</Pnumber>
<P2para>
<Text>The FCA may exercise its powers under this section at the request of an overseas regulator where the regulator makes the request in the exercise of its relevant functions.</Text>
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<P2>
<Pnumber>6A</Pnumber>
<P2para>
<Text>In subsection (6)—</Text>
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<Text>an authority of any other country or territory outside the United Kingdom which exercises functions corresponding to those of a competent authority under the EU version of the market abuse regulation;</Text>
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<Text>a directly applicable EU regulation made under the EU version of the market abuse regulation;</Text>
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<Text>in relation to an authority of any other country or territory outside the United Kingdom, its functions corresponding to the functions referred to in paragraph (a);</Text>
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<AppendText>;</AppendText>
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<Pnumber>3</Pnumber>
<P2para>
<Text>In section 122D (entry of premises under warrant)—</Text>
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<Pnumber>a</Pnumber>
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<Text>in subsection (10)—</Text>
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<Pnumber>i</Pnumber>
<P4para>
<Text>for “EEA” substitute “overseas”;</Text>
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<Pnumber>ii</Pnumber>
<P4para>
<Text>for “functions under the market abuse regulation or a supplementary EU regulation” substitute “relevant functions”;</Text>
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<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/3/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/3/b" id="regulation-5-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>after subsection (10), insert—</Text>
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<P2>
<Pnumber>10A</Pnumber>
<P2para>
<Text>In subsection (10), “overseas regulator” and “relevant functions” have the meaning given in section 122B(6A).</Text>
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<AppendText>;</AppendText>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/3/c/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/3/c" id="regulation-5-3-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>omit subsection (11).</Text>
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</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/4/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/4" id="regulation-5-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>In section 122G (publication of information and corrective statements by issuers), in subsection (3)(b), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/5/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/5" id="regulation-5-5">
<Pnumber>5</Pnumber>
<P2para>
<Text>In section 122H(3) (publication of corrective statements generally), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/6/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/6" id="regulation-5-6">
<Pnumber>6</Pnumber>
<P2para>
<Text>In section 122I(1) (power to suspend trading in financial instruments), for “a supplementary EU regulation” substitute “under supplementary market abuse legislation”.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/7/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/7" id="regulation-5-7">
<Pnumber>7</Pnumber>
<P2para>
<Text>Omit section 122IA (power to suspend auctioning of auctioned products on a recognised auction platform).</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/8/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/8" id="regulation-5-8">
<Pnumber>8</Pnumber>
<P2para>
<Text>In section 123(1) (power to impose penalties or issue censure)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/8/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/8/a" id="regulation-5-8-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>in paragraph (b)(ii) and (c)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/8/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/8/b" id="regulation-5-8-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in paragraph (c)(i), omit “122IA,”;</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/9/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/9" id="regulation-5-9">
<Pnumber>9</Pnumber>
<P2para>
<Text>
In section 123A (power to prohibit individuals from managing or dealing)
<FootnoteRef Ref="f00007"/>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/9/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/9/a" id="regulation-5-9-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>in subsection (b)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/9/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/9/b" id="regulation-5-9-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in subsection (1)(c), omit “, 122IA”;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/9/c/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/9/c" id="regulation-5-9-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>in subsection (2), omit paragraph (c);</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/9/d/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/9/d" id="regulation-5-9-d">
<Pnumber>d</Pnumber>
<P3para>
<Text>omit subsection (8).</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/10/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/10" id="regulation-5-10">
<Pnumber>10</Pnumber>
<P2para>
<Text>In section 123B(1) (suspending permission to carry on regulated activities etc.)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/10/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/10/a" id="regulation-5-10-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>in paragraph (b)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/10/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/10/b" id="regulation-5-10-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in paragraph (c), omit “, 122IA”.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/11/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/11" id="regulation-5-11">
<Pnumber>11</Pnumber>
<P2para>
<Text>
In section 124(10) (statement of policy)
<FootnoteRef Ref="f00008"/>
, in the definition of “relevant person”—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/11/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/11/a" id="regulation-5-11-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>in paragraphs (b)(ii) and (c)(ii), for “a supplementary EU regulation” substitute “any supplementary market abuse legislation”;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/11/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/11/b" id="regulation-5-11-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in paragraph (c)(i), omit “122IA,”.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/12/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12" id="regulation-5-12">
<Pnumber>12</Pnumber>
<P2para>
<Text>
In section 129 (power of court to impose administrative sanctions in cases of market abuse)
<FootnoteRef Ref="f00009"/>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/12/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/a" id="regulation-5-12-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>in subsection (7), in the definition of “temporary prohibition”—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/12/a/i/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/a/i" id="regulation-5-12-a-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>at the end of paragraph (a), insert “or”;</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/12/a/ii/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/a/ii" id="regulation-5-12-a-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>omit paragraph (c) and the “or” preceding it;</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/12/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/b" id="regulation-5-12-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>omit subsection (8);</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/12/c/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/c" id="regulation-5-12-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>in subsection (9)(a), for “a supplementary EU regulation” substitute “by supplementary market abuse legislation”.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/13/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/13" id="regulation-5-13">
<Pnumber>13</Pnumber>
<P2para>
<Text>In section 131AA—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/13/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/13/a" id="regulation-5-13-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
in subsection (1)(c) (reporting of infringements)
<FootnoteRef Ref="f00010"/>
omit “, EEA central counterparties,”;
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/13/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/13/b" id="regulation-5-13-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in subsection (2), for “EU regulation” substitute “market abuse legislation”.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14" id="regulation-5-14">
<Pnumber>14</Pnumber>
<P2para>
<Text>
In section 131AB (interpretation)
<FootnoteRef Ref="f00011"/>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/a" id="regulation-5-14-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the existing text becomes subsection (1);</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/b" id="regulation-5-14-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in subsection (1)—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/b/i/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/b/i" id="regulation-5-14-b-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>omit the definition of “EEA regulator”;</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/b/ii/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/b/ii" id="regulation-5-14-b-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>for the definition of “financial instrument” substitute—</Text>
<BlockAmendment Context="schedule" TargetClass="primary" TargetSubClass="unknown" Format="double">
<UnorderedList Decoration="none" Class="Definition">
<ListItem>
<Para>
<Text>
“financial instrument” means any instrument specified in Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order
<FootnoteRef Ref="f00012"/>
, read with Part 2 of that Schedule;
</Text>
</Para>
</ListItem>
</UnorderedList>
</BlockAmendment>
<AppendText>;</AppendText>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/b/iii/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/b/iii" id="regulation-5-14-b-iii">
<Pnumber>iii</Pnumber>
<P4para>
<Text>omit the definition of “recognised auction platform”;</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/b/iv/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/b/iv" id="regulation-5-14-b-iv">
<Pnumber>iv</Pnumber>
<P4para>
<Text>omit the definition of “supplementary EU regulation”;</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2019/310/regulation/5/14/c/made" IdURI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/14/c" id="regulation-5-14-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>after subsection (1), insert—</Text>
<BlockAmendment Context="schedule" TargetClass="primary" TargetSubClass="unknown" Format="double">
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>The following are supplementary market abuse legislation for the purposes of this Part—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>an EU regulation, originally made under the market abuse regulation, which is retained direct EU legislation; and</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>subordinate legislation (within the meaning of the Interpretation Act 1978) made under the market abuse regulation on or after exit day.</Text>
</P3para>
</P3>
</P2para>
</P2>
</BlockAmendment>
<AppendText>.</AppendText>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Part>
</Body>
</Secondary>
<Footnotes>
<Footnote id="f00006">
<FootnoteText>
<Para>
<Text>
Sections 122B-122H, 122I, 131AA and 131AB of Part 8 were inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2016/680" id="c00055" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="0680">S.I. 2016/680</Citation>
. Section 122IA was inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/701" id="c00056" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="0701">S.I. 2017/701</Citation>
. Sections 123, 123A, 123B and 129 were substituted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2016/680" id="c00057" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="0680">S.I. 2016/680</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00007">
<FootnoteText>
<Para>
<Text>
Section 123A(2)(c) and (8) were inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/701" id="c00058" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="0701">S.I. 2017/701</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00008">
<FootnoteText>
<Para>
<Text>
Section 124(10) was inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2016/680" id="c00059" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="0680">S.I. 2016/680</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00009">
<FootnoteText>
<Para>
<Text>
Paragraph (c) of the definition of “temporary prohibition” in subsection (7), and subsection (8) were inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/701" id="c00060" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="0701">S.I. 2017/701</Citation>
. Subsection (9) was inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1255" id="c00061" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1255">S.I. 2017/1255</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00010">
<FootnoteText>
<Para>
<Text>
Section 131AA was inserted, with section 131AB, by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2016/680" id="c00062" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="0680">S.I. 2016/680</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00011">
<FootnoteText>
<Para>
<Text>
The definitions of “emission allowance” and “recognised auction platform” were inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/701" id="c00063" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="0701">S.I. 2017/701</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00012">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/544" id="c00064" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="0544">S.I. 2001/544</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
</Footnotes>
</Legislation>