PART 2Amendments of primary legislation

CHAPTER 1The Financial Services and Markets Act 2000

Penalties for breach of Part 6 rules30

1

Section 91 (penalties for breach of Part 6 rules) is amended as follows.

2

In subsection (1A)16

a

in paragraph (e), for “the prospectus directive” substitute “qualifying prospectus legislation”;

b

for the words from “contravened” to “directive” substitute “contravened a provision of qualifying prospectus legislation”.

3

In subsection (1B)(a)(i)17, for the words from “transparency rules” to “directive” substitute “qualifying transparency legislation”.