OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order declares the investment exchange known as OM London Limited to be a recognised stock exchange for the purposes of the Company Securities (Insider Dealing) Act 1985 (“the Act”). The Act provides, amongst other matters, that it shall be an offence to deal in securities on a recognised stock exchange whilst in possession of unpublished price sensitive information (as defined in section 10) in relation to those securities, or to counsel or procure such dealing.

There has been one previous order (S.I. 1989/2165) declaring the investment exchange known as NASDAQ to be a recognised stock exchange for the purposes of the Act.