In Part 6 of the Financial Services and Markets Act 2000 (c. 8), after the sections inserted by section 1268 above insert -
"Corporate governance
89O. Corporate governance rules
(1) The competent authority may make rules ("corporate governance rules") -
(a) for the purpose of implementing, enabling the implementation of or dealing with matters arising out of or related to, any EU obligation relating to the corporate governance of issuers who have requested or approved admission of their securities to trading on a regulated market;
(b) about corporate governance in relation to such issuers for the purpose of implementing, or dealing with matters arising out of or related to, any EU obligation.
(2) "Corporate governance", in relation to an issuer, includes -
(a) the nature, constitution or functions of the organs of the issuer;
(b) the manner in which organs of the issuer conduct themselves;
(c) the requirements imposed on organs of the issuer;
(d) the relationship between the different
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