Companies Act 2014
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Duty of PLC to notify authorised market operator | ||
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1070. (1) In this section “relevant PLC” means a PLC dealing facilities in respect of the shares or debentures of which are provided by an authorised market operator. | ||
(2) If— | ||
(a) a relevant PLC is notified of any matter by a director or secretary in consequence of the fulfilment of a duty imposed on him or her by Chapter 5 of Part 5 , and | ||
(b) the matter relates to shares or debentures for which the dealing facilities referred to in subsection (1) are provided, | ||
the PLC shall be under an obligation to notify the market operator referred to in that subsection of the matter. | ||
(3) That market operator may publish, in such manner as it may determine, any information received by it under subsection (2). | ||
(4) An obligation imposed by subsection (2) shall be fulfilled before the end of the day after that on which it arises. | ||
(5) If default is made in complying with this section, the PLC and any officer of it who is in default shall be guilty of a category 3 offence. |