19 Primary information providers
Financial Services Act 2012 (2012 c 21) | Legislation

19  Primary information providers

(1)     In Part 6 of FSMA 2000 (official listing), after section 89O insert—

“Primary information providers

89P Primary information providers

(1)     Part 6 rules may require issuers of financial instruments to use primary information providers for the purpose of giving information of a specified description to a market of a specified description.

(2)     “Primary information provider” means a person approved by the FCA for the purposes of this section.

(3)     “Specified” means specified in the Part 6 rules.

(4)     Part 6 rules made by virtue of subsection (1) may—

(a)     provide for the FCA to maintain a list of providers;

(b)     impose requirements on a provider in relation to the giving of information or of information of a specified description;

(c)     specify the circumstances in which a person is qualified for being approved as a provider;

(d)     provide for limitations or other restrictions to be imposed on the giving of information to which an approval relates (whether or not the approval has already been granted);

(e)     provide for the approval of a provider to be suspended on the application of the provider.

(5)     If the FCA proposes—

(a)     to refuse a person's application under information provider

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