Paragraph 13

(1)

Section 123A M1 (power to prohibit individuals from managing or dealing) is amended as follows.

(2)

In subsection (1)(c) after “122I” insert “ , 122IA ”.

(3)

In subsection (2)—

(a)

in the opening words for “either or both” substitute “ one or more ”; and

(b)

after paragraph (b) insert—

“(c)
a temporary prohibition on the individual making a bid, on his or her own account or the account of a third party, directly or indirectly, at an auction conducted by a recognised auction platform.”.

(4)

After subsection (7) insert—

“(8)
For the meaning of “recognised auction platform” in this Part, see section 131AB.”.

Annotations

Marginal citations

M1: Section 123A was inserted S.I. 2016/680.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 51) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xviii)