C1Part VI Official Listing
F1Primary information providers
Ss. 89P-89V inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 19(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
89UPowers exercisable to advance operational objectives
1
The FCA may take action against a provider under this section if it considers that it is desirable to do so in order to advance one or more of its operational objectives.
2
If the FCA is entitled to take action under this section against a provider, it may—
a
suspend, for such period as it considers appropriate, the provider's approval, or
b
impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the giving by the provider of information as it considers appropriate.
3
A suspension may relate only to the giving of information in specified circumstances.
4
A restriction may, in particular, be imposed so as to require the provider to take, or refrain from taking, specified action.
5
The FCA may—
a
withdraw a suspension or restriction, or
b
vary a suspension or restriction so as to reduce the period for which it has effect or otherwise to limit its effect.
6
A person against whom the FCA takes action under this section may refer the matter to the Tribunal.
Pt. 6 (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)