Financial Services and Markets Act 2000

313AAuthority's power to require suspension or removal of financial instruments from tradingU.K.

This section has no associated Explanatory Notes

(1)The Authority may, for the purpose of protecting—

(a)the interests of investors, or

(b)the orderly functioning of the financial markets,

require an institution to suspend or remove a financial instrument from trading.

(2)If the Authority exercises the power conferred by subsection (1), the institution concerned or, if any, the issuer of the financial instrument concerned may refer the matter to the Tribunal.

(3)In this section, “trading” includes trading otherwise than on a regulated market or a multilateral trading facility.