Search Legislation

Advanced Search

The Recognised Auction Platforms Regulations 2011

Changes to legislation:

The Recognised Auction Platforms Regulations 2011 is up to date with all changes known to be in force on or before 29 May 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

Close

Changes to Legislation

Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.

  1. Introductory Text

  2. PART 1 General

    1. 1.Citation, commencement and interpretation

  3. PART 2 Recognised Auction Platforms

    1. 2.Recognition orders

    2. 3.Authority's power to give directions

    3. 4.Revoking recognition

    4. 5.Procedure

    5. 6.Market abuse on auction platforms

    6. 7.Application of certain provisions of the Act with modifications

    7. 8.Application of Chapter 3A of Part 18 of the Act with modifications

  4. PART 3 The Authority

    1. 9.Functions of the Authority

  5. PART 4 Amendments to secondary legislation

    1. 10.Amendment of the Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001

    2. 11.Amendment of the Money Laundering Regulations 2007

  6. PART 5 Auction Recognition Requirements

    1. 12.Interpretation

    2. 13.Method of satisfying auction recognition requirements

    3. 14.Financial resources

    4. 15.Suitability

    5. 16.Systems and controls

    6. 17.Safeguards for investors

    7. 18.Promotion and maintenance of standards

    8. 19.Rules and consultation

    9. 20.Access to auctions

    10. 21.Choice of settlement facilities

    11. 22.Discipline

    12. 23.Complaints

  7. PART 6 Review

    1. 24.Review

  8. Signature

    1. SCHEDULE 1

      Modifications of Part 8 of the Act in relation to behaviour related to auction platforms

      1. 1.Section 118 has effect as if— (a) in subsection (1)(a),...

      2. 2.Section 118A has effect as if —

      3. 3.Section 118B has effect as if— (a) the existing provision...

      4. 4.Section 118C has effect as if— (a) in subsection (2)—...

      5. 5.Section 119 has effect as if in subsection (2)(d) and...

      6. 6.Section 124 has effect as if in subsection (2), after...

      7. 7.Section 130A has effect as if— (a) in subsection (1)—...

    2. SCHEDULE 2

      Modifications of Part 18 of the Act in relation to recognised auction platforms

      1. 1.In section 285(2), reference to the exchange's business as an...

      2. 2.In section 291(3), reference to the obligations to which the...

      3. 3.In section 292A — (a) in subsection (1) reference to...

      4. 4.In section 293, in subsection (6)(a), reference to transactions effected...

      5. 5.In section 293A , reference to any directly applicable Community...

      6. 6.In section 299(2), reference to whether the body concerned should...

      7. 7.In section 300— (a) in subsection (1)(a), reference to a...

      8. 8.In section 301F(4), reference to any financial market operated by...

      9. 9.Sections 290A, 300A to 300E, and sections 302 to 310...

    3. SCHEDULE 3

      Modifications of Chapter 3A of Part 18 of the Act in relation to recognised auction platforms and EEA market operators of auction platforms

      1. 1.In section 312A — (a) in subsection (1), reference to...

      2. 2.In section 312B— (a) in subsection (1), reference to a...

      3. 3.In section 312C— (a) in subsection (1), reference to a...

      4. 4.In section 312D, the definition of “applicable provision” shall be...

  10. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources