(1) The Financial Services Act 2012 is amended as follows.

(2) For section 89(3)(c) (misleading statements) substitute -

"(c) the relevant provisions of Article 5 (exemption for buy-back programmes and stabilisation) of the market abuse regulation.".

(3) In section 90 (misleading impressions) -

(a) in subsection (9) for paragraph (d) substitute -

"(d) that D acted or engaged in the conduct in conformity with the relevant provisions of Article 5 (exemption for buy-back programmes and stabilisation) of the market abuse regulation."; and

(b) after subsection (10) insert -

"(11) See section 137Q(3) of FSMA 2000 regarding the power of the FCA to make rules for the purposes of subsection (9)(d).".

(4) In section 91 (misleading statements etc. in relation to benchmarks) -

(a) in subsection (3) -

(i) omit paragraph (a); and