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Version date: 3 July 2016 - onwards
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381. Injunctions in cases of market abuse

(1) If, on the application of the FCA, the court is satisfied -

(a) that there is a reasonable likelihood that any person will contravene Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation, or

(b) that any person is or has contravened Article 14 or 15 of the market abuse regulation and that there is a reasonable likelihood that the contravention will continue or be repeated,

the court may make an order restraining (or in Scotland an interdict prohibiting) the contravention.

(2) If on the application of the FCA the court is satisfied -

(a) that any person is or has contravened Article 14 or 15 of the market abuse regulation, and

(b) that there are steps which could be taken for remedying the contravention,

the court may make an order requiring him to take such steps as the court may direct to remedy it.

(3) Subsection (4) applies if, on the application of the FCA,

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