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The Insider Dealing (Securities and Regulated Markets) (Amendment) Order 1996

S.I. 1996/1561 · Made 14 June 1996

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.

INSIDER DEALING

Made 14th June 1996

Coming into force 1st July 1996

Whereas a draft of this Order has been approved by a resolution of each House of Parliament pursuant to section 64(2) of the Criminal Justice Act 1993f1;

Now, therefore, the Treasury, in exercise of the powers conferred on them by sections 60(1), 62(1) and 64(3) of that Act and of all other powers enabling them in that behalf, hereby make the following Order:—

Annotations to the whole text

Footnotes

f1

1993 c. 36.

Contents

  1. 1Title, commencement and interpretation
  2. 2Title, commencement and interpretation
  3. 3Amendments to the 1994 Order
  4. 4Amendments to the 1994 Order
  5. Signature
  6. Explanatory note

1Title, commencement and interpretation

This Order may be cited as the Insider Dealing (Securities and Regulated Markets) (Amendment) Order 1996 and shall come into force on 1st July 1996.

2Title, commencement and interpretation

In this Order, “the 1994 Order” shall mean the Insider Dealing (Securities and Regulated Markets) Order 1994f1.

3Amendments to the 1994 Order

(1)

For paragraph (a) of article 10 of the 1994 Order (United Kingdom regulated markets) there shall be substituted the following paragraph:

“(a)

the London Stock Exchange Limited;”

(2)

In paragraph (b) of that article, there shall be omitted the word “and”, and after paragraph (c) there shall be inserted:

“and

(d)

Tradepoint Financial Networks plc.”

4Amendments to the 1994 Order

In the Schedule to the 1994 Order (regulated markets)—

(a)

the following shall be omitted:

  • “Bordeaux Stock Exchange.”

  • “Ghent Stock Exchange.”

  • “Liege Stock Exchange.”

  • “Lille Stock Exchange.”

  • “Marseille Stock Exchange.”

  • “Nancy Stock Exchange.”

  • “Nantes Stock Exchange.”

    1. (b)

      for the words “the International Stock Exchange of the United Kingdom and the Republic of Ireland Limited” there shall be substituted:

      “Iceland Stock Exchange.

      The Irish Stock Exchange Limited.”;

    2. (c)

      after “LIFFE Administration & Management” there shall be inserted “The London Stock Exchange Limited.”;

    3. (d)

      after “Stuttgart Stock Exchange”, there shall be inserted “Tradepoint Financial Networks plc.”;

    4. (e)

      after “The exchange known as NASDAQ”, there shall be inserted “The exchange known as the Nouveau Marché.”.

Signature

Simon Burns

Michael Bates

Two of the Lords Commissioners of Her Majesty’s Treasury

14th June 1996

Explanatory note

(This note is not part of the Order)

This Order amends Article 10 of, and the Schedule to, the Insider Dealing (Securities and Regulated Markets) Order 1994 (“the 1994 Order”). Article 10 of the 1994 Order identifies the regulated markets which are “regulated in the United Kingdom” for the purposes of the territorial scope of the offence of insider dealing. The Schedule to the 1994 Order identifies which markets are “regulated markets” for the purposes of insider dealing.