Regulation 30 Penalties for breach of Part 6 rules

(1)

Section 91 (penalties for breach of Part 6 rules) is amended as follows.

(2)

In subsection (1A)^f1—

(a)

in paragraph (e), for “the prospectus directive” substitute “qualifying prospectus legislation”;

(b)

for the words from “contravened” to “directive” substitute “contravened a provision of qualifying prospectus legislation”.

(3)

In subsection (1B)(a)(i)^f2, for the words from “transparency rules” to “directive” substitute “qualifying transparency legislation”.

Annotations

f1: Inserted by S.I. 2005/1433.
f2: Subsection (1B) was inserted by the Companies Act 2006 Schedule 15, paragraph 6, and was amended by the Financial Services Act 2012 (c. 21) section 16.