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Insider Dealing (Recognised Stock Exchange) Order (Northern Ireland) 1991

S.R. 1991/52 · Made 19 February 1991

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

COMPANIES

Made 19th February 1991

Coming into operation 1st April 1991

The Department of Economic Development, in exercise of the powers conferred on it by Article 2(2) of the Company Securities (Insider Dealing) (Northern Ireland) Order 1986f1 and of every other power enabling it in that behalf, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

S.I. 1986/1034 (N.I. 8) as amended by section 212(2) of and paragraph 43 of Schedule 16 to the Financial Services Act 1986 (c. 60). There are other amendments which are not relevant

Contents

  1. 1Citation and commencement
  2. 2Recognised stock exchanges
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Insider Dealing (Recognised Stock Exchange) Order (Northern Ireland) 1991 and shall come into operation on 1st April 1991.

2Recognised stock exchanges

The Department of Economic Development hereby declares the investment exchanges known as:

(a)

NASDAQ, which is an unincorporated association consisting of the National Association of Securities Dealers, Inc., NASDAQ Inc., NASD Market Services Inc. and NASDAQ International Ltd., and

(b)

OM London Limited

to be recognised stock exchanges for the purposes of the Company Securities (Insider Dealing) (Northern Ireland) Order 1986.

Signature

Sealed with the Official Seal of the Department of Economic Development on 19th February 1991.

L.S.

A.H. McAlister

Assistant Secretary

Explanatory note

(This note is not part of the Order.)

This Order declares the investment exchanges known as NASDAQ and OM London Limited to be recognised stock exchanges for the purposes of the Company Securities (Insider Dealing) (Northern Ireland) Order 1986. That Order 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other matters, that it shall be an offence to deal in securities on a recognised stock exchange whilst in possession of unpublished price sensitive information (as defined in Article 4) in relation to those securities, or to counsel or procure such dealing.