Friday, 21 November 2014

UK: The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2014

The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2014 were laid before Parliament yesterday and come into force next month on 15 December: see here or here (pdf). The purpose of the Regulations is to extend the prohibition on market manipulation in section 118(8) of the Financial Services and Markets Act 2000 until the new civil regime on market abuse under Regulation EU No 596/2014 takes effect on 3 July 2016. Further information is available in the accompanying explanatory memorandum: see here (pdf).

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