(1) An individual participates in a decision by a body corporate for the purposes of Article 8.5 (insider dealing) or Article 12.4 (market manipulation) of the market abuse regulation where -
(a) the individual was an officer of the body corporate when the decision was made; and
(b) the FCA are satisfied that the individual was knowingly concerned in the decision.
(2) In this section "officer", in relation to a body corporate, means -
(a) a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity; or
(b) an individual who is a controller of the body.