Section 381

If, on the application of the FCA, the court is satisfied— the court may make an order restraining (or in Scotland an interdict prohibiting) the contravention. that there is a reasonable likelihood that any person will contravene Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation, or that any person is or has contravened Article 14 or 15 of the market abuse regulation and that there is a reasonable likelihood that the contravention will continue or be repeated, If on the application of the FCA the court is satisfied— the court may make an order requiring him to take such steps as the court may direct to remedy it. that any person is or has contravened Article 14 or 15 of the market abuse regulation, and that there are steps which could be taken for remedying the contravention, Subsection (4) applies if, on the application of the FCA, the court is satisfied that any person— may be contravening Article 14 or 15 of the market abuse regulation; or may have contravened Article 14 or 15 of the market abuse regulation. The court may make an order restraining (or in Scotland an interdict prohibiting) the person concerned from disposing of, or otherwise dealing with, any assets of his which it is satisfied that he is reasonably likely to dispose of, or otherwise deal with. The jurisdiction conferred by this section is exercisable by the High Court and the Court of Session. In subsection (2), references to remedying any contravention include references to mitigating its effect.

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