Section 131AD

An individual participates in a decision by a body corporate for the purposes of Article 8.5 (insider dealing) or Article 12.4 (market manipulation) of the market abuse regulation where— the individual was an officer of the body corporate when the decision was made; and the FCA are satisfied that the individual was knowingly concerned in the decision. In this section “officer”, in relation to a body corporate, means– a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity; or an individual who is a controller of the body.

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Source: legislation.gov.uk · retrieved 2026-09-04