Explanatory Note
(This note is not part of the Regulations)
These Regulations amend the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 ("the principal Regulations"). They update references to the "listing particulars directive" to give effect to Directive 2001/34/EC of the European Parliament and of the Council of 28th May 2001 on the admission of securities to official stock exchange listing and on information to be published on those securities (OJ L184, 6.7.2001, p.1). That Directive consolidates and revokes the previous directives relating to the listing of securities.
These Regulations (regulation 2(4)(a)) also modify the transitional provisions in the principal Regulations to provide that the competent authority under Part IV of the Financial Services Act 1986 is treated as a "primary recipient" of information which it received in that capacity before the repeal of that Act.