(1) This regulation applies to persons authorised to bid pursuant to regulation 16(2).

(2) Persons referred to in paragraph (1) must apply the following conduct rules in their relationship with their clients -

(a) they must accept instructions from their clients on comparable terms;

(b) they must refuse to bid on behalf of a client if they have reasonable grounds to suspect money laundering, terrorist financing, other criminal activity or market abuse, subject to sections 327, 328, 329 and 338(3) of the Proceeds of Crime Act 2002 [2002 c. 29. Sections 327, 328 and 329 have been amended by ss. 102 and 103 of the Serious Organised Crime and Police Act 2005 (c. 15). Section 338(3) has been amended by s. 106(6) of that Act, and S.I. 2007/3398.] and section 21A of the Terrorism Act 2000 [2000 c. 11. Section 21A was inserted by paragraph 5 of Schedule 2 to the Anti-Terrorism, Crime and Security Act 2001 (c. 24), and amended by paragraph 128 of Schedule 4 to the Serious Organised Crime and Police Act 2005, paragraph 72 of Schedule 8 to the Crime and Courts Act 2013 (c. 22), and S.I. 2007/3398.];