PART 2Amendments of primary legislation

CHAPTER 1The Financial Services and Markets Act 2000

Public censure of issuerI124

1

Section 89K (public censure of issuer) M1 is amended as follows.

2

In subsection (5), for the words from “under” to the end substitute “ under qualifying transparency legislation ”.

3

After subsection (5) insert—

5A

In this Part “qualifying transparency legislation” means—

a

transparency rules,

b

any EU regulation, originally made under the transparency obligations directive, that is retained direct EU legislation,

c

regulations made by the Treasury under regulation 71 of the Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 for a purpose specified in paragraphs 10 to 20 of Schedule 2 to those Regulations, or

d

technical standards made by the FCA under regulation 72 of those Regulations for a purpose specified in paragraphs 31 to 35 of that Schedule.

4

Omit subsection (6).