UK: the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2011

The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2011 were laid before Parliament last week and come into force on 31 December 2011: see here or here (pdf). The Regulations provide that subsections (4) and (8) of Section 118 (Market abuse) of the Financial Services and Markets Act (2000) will remain in force until 31 December 2014. The accompanying explanatory memorandum explains why the subsections are to remain in force for a further three years: see here (pdf).