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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 Sch 9 para 5

Sch 9 para 5

(1) In paragraphs 1(3) and 2(3) of Schedule 10, for paragraph (d) substitute— (d) the securities were acquired after such a lapse of time that he ought in the circumstances to be reasonably excused and, if the securities are dealt in on an approved exchange, he continued in that belief until after the commencement of dealings in the securities on that exchange. (2) After paragraph 8 of that Schedule, insert— Meaning of “approved exchange” (9) “ Approved exchange ” has such meaning as may be prescribed.

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