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The Recognised Auction Platforms Regulations 2011

Status:

This is the original version (as it was originally made).

  1. Introductory Text

  2. PART 1 General

    1. 1.Citation, commencement and interpretation

  3. PART 2 Recognised Auction Platforms

    1. 2.Recognition orders

    2. 3.Authority’s power to give directions

    3. 4.Revoking recognition

    4. 5.Procedure

    5. 6.Market abuse on auction platforms

    6. 7.Application of certain provisions of the Act with modifications

    7. 8.Application of Chapter 3A of Part 18 of the Act with modifications

  4. PART 3 The Authority

    1. 9.Functions of the Authority

  5. PART 4 Amendments to secondary legislation

    1. 10.Amendment of the Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001

    2. 11.Amendment of the Money Laundering Regulations 2007

  6. PART 5 Auction Recognition Requirements

    1. 12.Interpretation

    2. 13.Method of satisfying auction recognition requirements

    3. 14.Financial resources

    4. 15.Suitability

    5. 16.Systems and controls

    6. 17.Safeguards for investors

    7. 18.Promotion and maintenance of standards

    8. 19.Rules and consultation

    9. 20.Access to auctions

    10. 21.Choice of settlement facilities

    11. 22.Discipline

    12. 23.Complaints

  7. PART 6 Review

    1. 24.Review

  8. Signature

    1. SCHEDULE 1

      Modifications of Part 8 of the Act in relation to behaviour related to auction platforms

      1. 1.Section 118 has effect as if— (a) in subsection (1)(a),...

      2. 2.Section 118A has effect as if —

      3. 3.Section 118B has effect as if— (a) the existing provision...

      4. 4.Section 118C has effect as if— (a) in subsection (2)—...

      5. 5.Section 119 has effect as if in subsection (2)(d) and...

      6. 6.Section 124 has effect as if in subsection (2), after...

      7. 7.Section 130A has effect as if— (a) in subsection (1)—...

    2. SCHEDULE 2

      Modifications of Part 18 of the Act in relation to recognised auction platforms

      1. 1.In section 285(2), reference to the exchange’s business as an...

      2. 2.In section 291(3), reference to the obligations to which the...

      3. 3.In section 292A— (a) in subsection (1) reference to a...

      4. 4.In section 293, in subsection (6)(a), reference to transactions effected...

      5. 5.In section 293A, reference to any directly applicable Community regulation...

      6. 6.In section 299(2), reference to whether the body concerned should...

      7. 7.In section 300— (a) in subsection (1)(a), reference to a...

      8. 8.In section 301F(4), reference to any financial market operated by...

      9. 9.Sections 290A, 300A to 300E, and sections 302 to 310...

    3. SCHEDULE 3

      Modifications of Chapter 3A of Part 18 of the Act in relation to recognised auction platforms and EEA market operators of auction platforms

      1. 1.In section 312A— (a) in subsection (1), reference to a...

      2. 2.In section 312B— (a) in subsection (1), reference to a...

      3. 3.In section 312C— (a) in subsection (1), reference to a...

      4. 4.In section 312D, the definition of “applicable provision” shall be...

  10. Explanatory Note

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