The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 2 Amendments to the Financial Services and Markets Act 2000

Amendments to Part 8 (provisions relating to market abuse)

16.—(1) Section 129(1) (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.”.

(1)

Section 129 was inserted by S.I. 2016/680.