Paragraph 16

(1)

Section 129 M1 (power of the court to impose administrative sanctions in cases of market abuse) is amended as follows.

(2)

In subsection (7), in the definition of “temporary prohibition”—

(a)

at the end of paragraph (a) omit “or”;

(b)

after paragraph (b) insert—

“; or
(c)
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.”.

(3)

After subsection (7) insert—

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

Annotations

Marginal citations

M1: Section 129 was inserted by 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)