Regulation 11 Criminal Justice Act 1993

For paragraph 5 of Schedule 1 M1 to the Criminal Justice Act 1993 (special defences) and the italic heading before paragraph 5 substitute—

“Buy-back programmes and stabilisation

5

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—

(a)

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) and each directly applicable EU regulation made under that Article;

(b)

rules made under section 137Q(1) M2 of the Financial Services and Markets Act 2000.”.