(3)On the other hand, the exemptions created by this Regulation only cover behaviour directly related to the purpose of the buy-back and stabilisation activities. Behaviour which is not directly related to the purpose of the buy-back and stabilisation activities shall therefore be considered as any other action covered by Directive 2003/6/EC and may be the object of administrative measures or sanctions, if the competent authority establishes that the action in question constitutes market abuse.
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New version applies from 03/07/2016 — introduced by Market Abuse Regulation (MAR).
34 provisions change.
Recital 3 is deleted from 03/07/2016.