The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 No. 135

PART 5 Amendments to the Act

Amendment to Part 8 of the Act (provisions relating to market abuse)

42.—(1) In section 123(1) of the Act (power to impose penalties or issue censure) in subsection (1)(c)(i) after “122H,” insert “122HA,”.

(2) In sections 123A and 123B of the Act (power to prohibit individuals from managing or dealing and suspending permission to carry on regulated activities etc.) in each subsection (1)(c) after “122H,” insert “122HA,”.

(3) In section 124 of the Act (statement of policy)—

(a) in subsection (2) after “market abuse regulation” insert “or Article 43(1) of the EU Benchmarks Regulation 2016”;

(b) in subsection (10), in paragraph (c)(i) of the definition of “relevant person”, after “122H,” insert “122HA,”.

(1)

Sections 123 to 123C were substituted by regulation 9(1) and (5) of S.I. 2016/680.