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MKT 9A.1.1 Guidance

1. The CMC is intended to prevent Market Abuse by providing further clarity about what activities the DFSA might regard as constituting Market Abuse under the Markets Law.
2. The CMC applies to persons to whom Part 6 of the Markets Law applies, that is, it applies to persons generally whether individuals or bodies corporate and whether or not regulated.
3. Examples in the CMC are not intended to be exhaustive. There may be other circumstances in which conduct may contravene the Market Abuse provisions.
4. The defences under Article 64(1) of the Markets Law apply if a Person establishes that a permitted price stabilisation or purchase of the Person's own shares was carried out in accordance with the Rules. The relevant Rules relating to carrying on a permitted price stabilisation can be found in the PRS Module. The relevant Rules relating to purchase of the Person's own shares can be found in MKT (e.g. Rules MKT 9.7.4 and MKT 9.7.6). Further information about these and other Market Abuse defences can be found in the CMC.
[Added] DFSA RM146/2014 (Made 1st January 2015). [VER6/01-15]