Paragraph 3 I1

United Kingdom

(1)

Article 3 (prohibition of insider trading) is amended as follows.

(2)

In paragraph 3, for the words from “obligations under” to the end substitute—

“obligations under any provision of a licence condition or industry code—
(a)
which, immediately before F1IP completion day, implemented points (d) and (e) of Article 12 of Directive 2009/72/EC or points (a) and (c) of Article 13(1) of Directive 2009/73/EC; or
(b)
which would, if it had existed immediately before IP completion day, have implemented any of those provisions”.

(3)

In paragraph 4—

(a)

in subparagraph (b), omit “Agency and the”;

(b)

in subparagraph (c), for “a Member State” substitute “ the United Kingdom ”.

Annotations

Textual amendments

F1: Words in Sch. 1 para. 3(2) substituted (15.9.2020) by The Electricity and Gas etc. (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1016), regs. 1(2), 7(5)(b)

Commencement

I1: Sch. 1 para. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)