(1) Section 89K (public censure of issuer) [Sections 89K to 89N were inserted by the Companies Act 2006 section 1268.] is amended as follows.

(2) In subsection (5), for the words from "under" to the end substitute "under qualifying transparency legislation".

(3) After subsection (5) insert -

"(5A) In this Part "qualifying transparency legislation" means -

(a) transparency rules,

(b) any EU regulation, originally made under the transparency obligations directive, that is retained direct EU legislation,

(c) regulations made by the Treasury under regulation 71 of the Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 for a purpose specified in paragraphs 10 to 20 of Schedule 2 to those Regulations, or

(d) technical standards made by the FCA under regulation 72 of those Regulations for a purpose specified in paragraphs 31 to 35 of that Schedule.".

(4) Omit subsection (6).