Section 6 Price stabilisation.F1

England, Wales and Scotland

(1)

No provision of section 1, 2, 4 or 5 prohibits an individual from doing anything for the purpose of stabilising the price of securities if it is done in conformity with rules made under section 48 of the Financial Services Act 1986 and—

(a)

in respect of securities which fall within any of paragraphs 1 to 5 of Schedule 1 to that Act and are specified by the rules; and

(b)

during such period before or after the issue of those securities as is specified by the rules.

(2)

Any order under subsection (8) of section 48 of that Act shall apply also in relation to subsection (1) of this section.

Annotations

Textual amendments

F1: S. 6 substituted by Financial Services Act 1986 (c. 60, SIF 69), s. 175

Notes on the whole Act

Textual amendments

F1: Act repealed (1.3.1994) by 1993 c. 36, s. 79(14), Sch. 6 Pt. I; S.I. 1994/242, art. 2