Regulation 4 Price sensitive information

(1)

The Authority or a licence holder may refuse to supply under section 24 of the Act any information which—

(a)

relates to particular securities or to a particular issuer of securities or to particular issuers of securities;

(b)

is specific or precise;

(c)

has not been made public; and

(d)

if it were made public would be likely to have a significant effect on the price of the securities.

(2)

For the purposes of this regulation—

(a)

“price” includes value;

(b)

information shall be treated as relating to a particular issuer of securities which is a company not only where it is about the company but also where it may affect the company’s business prospects;

(c)

“made public”, in relation to information, shall be construed in accordance with subsection (1) of section 58 of the Criminal Justice Act 1993^f1; and

(d)

“securities” means any securities to which Part V of the Criminal Justice Act 1993 (insider dealing) applies.

Annotations

Footnotes

f1: 1993 c. 36.