United Kingdom Statutory Instruments
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URL: http://www.bailii.org/uk/legis/num_reg/1992/uksi_1992451_en.html
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Insider Dealing (Recognised Stock Exchange)Order 1992 No. 451 URL: http://www.bailii.org/uk/legis/num_reg/1992/uksi_1992451_en.html |
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Statutory Instruments
FINANCIAL SERVICES
Made
1st March 1992
Coming into force
23rd March 1992
The Secretary of State, in exercise of his powers under section 16(1) and (1A) of the Company Securities (Insider Dealing) Act 1985(1), hereby makes the following Order:
1. This Order may be cited as the Insider Dealing (Recognised Stock Exchange) Order 1992 and shall come into force on 23rd March 1992.
2. The Secretary of State hereby declares the investment exchange known as The London International Financial Futures Exchange (Administration and Management), an unlimited company having a share capital, to be a recognised stock exchange for the purposes of the Company Securities (Insider Dealing) Act 1985.
John Redwood
Minister of State,
Department of Trade and Industry
1st March 1992
(This note is not part of the Order)
This Order declares the investment exchange known as The London International Financial Futures Exchange (Administration and Management) to be a recognised stock exchange for the purposes of the Company Securities (Insider Dealing) Act 1985 ("the Act"). The exchange administers a market called "The London International Financial Futures and Options Exchange" or "LIFFE". The Act provides, amongst other matters, that it shall be an offence to deal in securities on a recognised stock exchange whilst in possession of unpublished price sensitive information (as defined in section 10) in relation to those securities, or to counsel or procure such dealing.
1985 c. 8. The relevant parts of subsection (1) and subsection (1A) of section 16 were inserted by section 212(2) of and paragraph 28 of Schedule 16 to the Financial Services Act 1986 (c. 60).