The Financial Services and Markets Act 2000 (Prospectus) Regulations 2019

Penalties for breach of Part 6 rules

This section has no associated Explanatory Memorandum

26.—(1) Section 91 (penalties for breach of Part 6 rules) is amended as follows.

(2) In subsection (1A)(1)—

(a)in paragraph (e) for the words after “whom” substitute “any provision of, or made in accordance with, the prospectus regulation applies”; and

(b)in the words after paragraph (e)—

(i)for “otherwise” substitute “of or”; and

(ii)for “prospectus directive” substitute “prospectus regulation,”.

(1)

Inserted by S.I. 2005/1433.