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The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Modification of Powers) Regulations 2006
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- 2006 No. 2975
- Regulation 8
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Amendment of section 286 of the Act
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8. In section 286 of the Act (qualification for recognition), after subsection (4) insert—
“(4A) If regulations under subsection (1) require an investment exchange to make information available to the public in accordance with—
(a)Article 29.1 of the markets in financial instruments directive and the Commission Regulation, or
(b)Article 44.1 of that directive and that Regulation,
the regulations may authorise the Authority to waive the requirement in the circumstances specified in the relevant provisions.
(4B) The “relevant provisions” for the purposes of subsection (4A) are—
(a)in a case falling within paragraph (a) of that subsection, Article 29.2 of the markets in financial instruments directive and the Commission Regulation, and
(b)in a case falling within paragraph (b) of that subsection, Article 44.2 of that directive and that Regulation.
(4C) If regulations under subsection (1) require an investment exchange to make information available to the public in accordance with—
(a)Article 30.1 of the markets in financial instruments directive and the Commission Regulation, or
(b)Article 45.1 of that directive and that Regulation,
the regulations may authorise the Authority to defer the requirement in the circumstances specified, and subject to the requirements contained, in the relevant provisions.
(4D) The “relevant provisions” for the purposes of subsection (4C) are—
(a)in a case falling within paragraph (a) of that subsection, Article 30.2 of the markets in financial instruments directive and the Commission Regulation, and
(b)in a case falling within paragraph (b) of that subsection, Article 45.2 of that directive and that Regulation.
(4E) ”The Commission Regulation” means Commission Regulation 1287/2006 of 10 August 2006.”.
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