Paragraph 5 F1
United Kingdom
An individual is not guilty of insider dealing by virtue of dealing in securities or encouraging another person to deal if he shows that he acted in conformity with—
Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation)F3, as that Article has effect at the time mentioned in sub-paragraph (2), F4and—
each EU regulation, originally made under that Article before that time, which is F5assimilated direct legislation; and
all subordinate legislation (within the meaning of the Interpretation Act 1978) made under that Article on or after IP completion day;
rules made under section 137Q(1) of the Financial Services and Markets Act 2000.
The time is the beginning of the day on which the Market Abuse (Amendment) (EU Exit) Regulations 2019 are made.
Annotations
Textual amendments
- F1
Sch. 1 para. 5 and cross-heading substituted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 11
- F2
Sch. 1 para. 5 renumbered as Sch. 1 para. 5(1) (19.2.2019) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(2), 2(a)
- F3
Words in Sch. 1 para. 5(1)(a) inserted (19.2.2019) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(2), 2(b)(i)
- F4
Words in Sch. 1 para. 5(1)(a) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 4 (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 17(a)); 2020 c. 1, Sch. 5 para. 1(1)
- F5
Words in Sch. 1 para. 5(1)(a)(i) substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 33
- F6
Sch. 1 para. 5(2) inserted (19.2.2019) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(2), 2(c)