Securities Markets Act 1988

  • repealed
  • Securities Markets Act 1988: repealed, on 1 December 2014, by section 4(1)(b) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
  • Previous title has changed
11B False or misleading appearance of trading, etc
  • A person must not do, or omit to do, anything if—

    • (a) the act or omission will have, or is likely to have, the effect of creating, or causing the creation of, a false or misleading appearance—

      • (i) with respect to the extent of active trading in the securities of a public issuer; or

      • (ii) with respect to the supply of, demand for, price for trading in, or value of those securities; and

    • (b) the person knows or ought reasonably to know that the person's act or omission will, or is likely to have, that effect.

    Section 11B: inserted, on 29 February 2008, by section 5 of the Securities Markets Amendment Act 2006 (2006 No 47).