Table of Contents
Page Overview
Document Overview
123A. Power to prohibit individuals from managing or dealing
(1) The FCA may exercise its power under subsection (2) if it is satisfied that an individual -
(a) has contravened 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;
(b) has contravened, or been knowingly concerned in the contravention of -
(i) a provision of the market abuse regulation other than Article 14 or 15 of that regulation; or
(ii) a provision of any supplementary market abuse legislation ; or
(c) has contravened a requirement imposed on that individual under this section or section 122A, 122B, 122C, 122G, 122H, 122HA, 122I , 122IA or 123B.
(2) The FCA’s power under this subsection is a power to impose one or more of the following -
(a) a temporary prohibition on the individual holding an office or position involving responsibility for taking decisions about the management of an investment firm;