SCHEDULES
SCHEDULE 9

Discipline and enforcement
PART 3

Market abuse
9
1
In the provisions of Part 8 (market abuse) mentioned in sub-paragraph (2), for “Authority” or “Authority's”, in each place, substitute “ FCA ” or “FCA's”.
2
The provisions are: sections 119, 120 (including the heading), 121 to 130A and 131A.
3
In section 121 (codes: procedure), for subsection (10) substitute—
10
Cost benefit analysis” means—
a
an analysis of the costs together with an analysis of the benefits that will arise—
i
if the proposed code is issued, or
ii
if subsection (5)(b) applies, from the code that has been issued, and
b
subject to subsection (10A), an estimate of those costs and of those benefits.
10A
If, in the opinion of the FCA—
a
the costs or benefits referred to in subsection (10) cannot reasonably be estimated, or
b
it is not reasonably practicable to produce an estimate,
the cost benefit analysis need not estimate them, but must include a statement of the FCA's opinion and an explanation of it.
4
In section 130 (guidance), in subsection (1)(b), for “section 397 of this Act” substitute “ Part 7 of the Financial Services Act 2012 ”.
Sch. 9 para. 9 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.