Part VIII

Provisions relating to market abuse

Miscellaneous

Reporting of infringements
131AA
1
This section applies to employers who—
a
provide regulated financial services;
b
carry on regulated activities in reliance on the exemption in section 327; or
c
are recognised bodies
... or third country central counterparties.
2
Employers must have in place appropriate internal procedures for their employees to report contraventions of the market abuse regulation or any supplementary
market abuse legislation
.
3
In this section—
- “employee” and “employer” have the meaning given in section 230 of the Employment Rights Act 1996;
- “recognised body” has the meaning given in section 313;
- “regulated financial services” has the meaning given in section 1H.
Pt. 8 heading substituted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(2)
Ss. 131AA-131AE inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(15)
Words in s. 131AA(1)(c) omitted (31.12.2020) by virtue of The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 5(13)(a); 2020 c. 1, Sch. 5 para. 1(1)
Pt. 8 applied (with modifications) (18.6.2012) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), regs. 1(2)(b), 6, Sch. 1 (as amended (3.1.2018) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(b), 9)
Words in s. 131AA(2) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 5(13)(b); 2020 c. 1, Sch. 5 para. 1(1)