DTR 1.5 Fees, market abuse safe harbours and sanctions
Fees
Market abuse safe harbours
Pursuant to section 118A(5) of the Act, behaviour conforming with the disclosure rules specified below does not amount to market abuse under section 118(1) of the Act:
- (1)
DTR 1.3.4 R (Misleading information not to be published);
- (2)
DTR 1.3.6 R (Notification when a RIS is not open for business);
- (3)
DTR 2.2.1 R (Requirement to disclose inside information); and
- (4)
DTR 2.5.1 R (Delaying disclosure).
Sanctions
- (1)
If the FSA considers that an issuer, a person discharging managerial responsibilities or a connected person has breached any of the disclosure rules it may, subject to the provisions of the Act, impose on that person a financial penalty or publish a statement censuring that person.
- (2)
If the FSA considers that a former director was knowingly concerned in a breach by an issuer it may, subject to the provisions of the Act, impose on that person a financial penalty.