The Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
8 Financial intermediary not to place certain orders for PISCES companies
(1) A financial intermediary must not place an order for a PISCES company if the effect of that order would be that the PISCES company buys or sells its own PISCES shares. (2) Where a PISCES operator receives orders without the involvement of a financial intermediary, the PISCES operator must not give effect to an order which would have the effect mentioned in paragraph (1).
8 Financial intermediary not to place certain orders for PISCES companies
(1) A financial intermediary must not place an order for a PISCES company if the effect of that order would be that the PISCES company buys or sells its own PISCES shares. (2) Where a PISCES operator receives orders without the involvement of a financial intermediary, the PISCES operator must not give effect to an order which would have the effect mentioned in paragraph (1).
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