13.—(1) Section 123A M1 (power to prohibit individuals from managing or dealing) is amended as follows.U.K.
(2) In subsection (1)(c) after “122I” insert “ , 122IA ”.
(3) In subsection (2)—
(a)in the opening words for “either or both” substitute “ one or more ”; and
(b)after paragraph (b) insert—
“(c)a temporary prohibition on the individual 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.”.
(4) After subsection (7) insert—
“(8) For the meaning of “recognised auction platform” in this Part, see section 131AB.”.
Marginal Citations
M1Section 123A was inserted S.I. 2016/680.