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Version date: 30 January 2024 - onwards
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97A. Reporting of infringements

(1) This section applies to a person -

(a) who is the employer of any employees, and

(b) who -

(i) provides regulated financial services,

(ii) carries on regulated activities in reliance on the exemption in section 327, or

(iii) is a recognised investment exchange, a recognised clearing house, a recognised CSD or a third country central counterparty.

(2) The person must have in place appropriate internal procedures for the person’s employees to report, through an independent channel, contraventions and potential contraventions of -

(a) the prospectus regulation,

(b) any EU regulation, originally made under the prospectus regulation, which is assimilated law, or

(c) any subordinate legislation (within the meaning of the Interpretation Act 1978) made under the prospectus regulation on or after IP completion day.

(3) In this section -

"employer" and "employee" have the same meaning given in section 230(1) to (5) of the Employment Rights Act 1996 [1996 c. 18.];

"regulated financial servi

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