Schedule 2, paragraph 13

Section 123A (power to prohibit individuals from managing or dealing) is amended as follows. In subsection (1)(c) after “122I” insert “ , 122IA ”. In subsection (2)— in the opening words for “either or both” substitute “ one or more ”; and after paragraph (b) insert— a temporary prohibition on the individual making a bid, on his or her own account or the account of a third party, directly or indirectly, at an auction conducted by a recognised auction platform. After subsection (7) insert— For the meaning of “recognised auction platform” in this Part, see section 131AB.

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