Investment Funds, Companies and Miscellaneous Provisions Act 2005
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Regulations (Part 4). |
30.—(1) The Minister may make regulations for the purposes of— | |
(a) giving effect to the 2003 Market Abuse Directive and the supplemental Directives, and | ||
(b) supplementing and making consequential provision in respect of the Market Abuse Regulation. | ||
(2) Regulations under this section may contain such incidental, supplementary and consequential provisions as appear to the Minister to be necessary or expedient for the purposes of those regulations, including provisions creating offences (but the regulations may only provide penalties in respect of a summary conviction for any such offence). | ||
(3) Regulations under this section may also— | ||
(a) make, for the purposes of those Regulations, provision analogous to that which was made by section 3 of the Companies (Amendment) Act 1999 (repealed by section 31 ) for the purposes of that Act, | ||
(b) impose on a market operator a requirement similar to that which is imposed by Article 6(9) of the 2003 Market Abuse Directive on the person referred to in that Article 6(9). | ||
(4) This section is without prejudice to section 3 of the European Communities Act 1972 . |