F2Part 18ASUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING

Annotations:
Amendments (Textual)

313BDF1Revocation of requirements: applications by issuers

1

This section applies where the Authority has imposed a requirement on an institution or a class of institutions under section 313A.

2

The issuer of the financial instrument may apply to the Authority for the revocation of the requirement.

3

The Authority must decide whether to revoke the requirement.

4

In the case of a requirement imposed on a class of institutions, the Authority may decide to revoke it in relation to—

a

the class;

b

the class apart from one or more specified members of it; or

c

one or more specified members of the class only.

5

The Authority must give the issuer a warning notice if—

a

in the case of a requirement imposed on an institution, the Authority proposes not to revoke the requirement, or

b

in the case of a requirement imposed on a class, the Authority proposes not to revoke the requirement or to revoke it in relation to—

i

the class apart from one or more specified members of it, or

ii

one or more specified members of the class only.