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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 3 July 2016 - onwards
  Version 5 of 5    

119. The code

Omitted from 3 July 2016

(1) The FCA must prepare and issue a code containing such provisions as the FCA considers will give appropriate guidance to those determining whether or not behaviour amounts to market abuse.

(2) The code may among other things specify -

(a) descriptions of behaviour that, in the opinion of the FCA, amount to market abuse;

(b) descriptions of behaviour that, in the opinion of the FCA, do not amount to market abuse;

(c) factors that, in the opinion of the FCA, are to be taken into account in determining whether or not behaviour amounts to market abuse.

(d) descriptions of behaviour that are accepted market practices in relation to one or more specified markets;

(e) descriptions of behaviour that are not accepted market practices in relation to one or more specified markets.

(2A) In determining, for the purposes of subsections (2)(d) and (2)(e) or otherwise, what are and what are not accepted market practices, the FCA must have regard to the factors and procedures laid down in Artic

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