S.I. No. 11/2017 - European Union (Market Abuse) (Amendment) Regulations 2017.
Notice of the making of this Statutory Instrument was published in | ||
“Iris Oifigiúil” of 27th January, 2017. | ||
I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving full effect to Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 20141 and giving effect to Directive 2014/57/EU of the European Parliament and of the Council of 16 April 20142 and Commission Implementing Directive (EU) 2015/2392 of 17 December 20153 , hereby make the following regulations: | ||
1. These Regulations may be cited as the European Union (Market Abuse) (Amendment) Regulations 2017. | ||
2. The European Union (Market Abuse) Regulations 2016 ( S.I. No. 349 of 2016 ) are amended by the substitution of the following for Regulation 10: | ||
“10.(1) A person who commits an offence under Regulation 5, 6, 7, 8 or 9 is liable on summary conviction to a class A fine or imprisonment for a term not exceeding 12 months or both. | ||
(2) An offence under Regulation 5, 6, 7, 8 or 9 is an offence to which section 1368 (amended by section 8 of the Finance (Certain European Union and Intergovernmental Obligations) Act 2016 (No. 13 of 2016)) of the Companies Act 2014 (No. 38 of 2014) applies.”. | ||
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Given under my Official Seal, | ||
16 January 2017. | ||
MICHAEL NOONAN, | ||
Minister for Finance. | ||
