The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 2 Amendments to the Financial Services and Markets Act 2000

Amendments to Part 8 (provisions relating to market abuse)

10.—(1) Section 122I(1) (power to suspend trading in financial instruments) is amended as follows.

(2) After subsection (2) insert—

“(2A) But subsection (2) does not apply if the financial instrument is an emission allowance.”.

(3) In the opening words of subsection (4) after “instrument” insert “other than an emission allowance”.

(4) After subsection (4) insert—

“(4A) A suspension of trading in a financial instrument that is an emission allowance takes effect—

(a) immediately, if the FCA states that is the case; or

(b) on such later date as the FCA specify.”.

(1)

Section 122I was inserted by S.I. 2016/680.