Statutory Instrument 1992 No. 451

The Insider Dealing (Recognised Stock Exchange)Order 1992

---

© Crown Copyright 1992

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Royal Arms and the Queen's Printer imprints.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. The authoritative version is the Queen's Printer copy published by The Stationery Office Limited as the The Insider Dealing (Recognised Stock Exchange)Order 1992, ISBN 0110234510. Purchase this item. For details of how to obtain an official copy see How to obtain The Stationery Office Limited titles.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1992 No. 451

FINANCIAL SERVICES

The Insider Dealing (Recognised Stock Exchange)Order 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 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other matters, that it shall be an offence to deal in securities on a recognised stock exchange whilst in possession of unpublished price sensitive information (as defined in section 10) in relation to those securities, or to counsel or procure such dealing.

[1] 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). back