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PART 2Amendments of primary legislation

CHAPTER 1The Financial Services and Markets Act 2000

Penalties for breach of Part 6 rules

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

(2) In subsection (1A)(1)—

(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)(2), for the words from “transparency rules” to “directive” substitute “qualifying transparency legislation”.

(1)

Inserted by S.I. 2005/1433.

(2)

Subsection (1B) was inserted by the Companies Act 2006 Schedule 15, paragraph 6, and was amended by the Financial Services Act 2012 (c. 21) section 16.