C1 Part VIIIF2Provisions relating to market abuse
Pt. 8 applied (with modifications) (18.6.2012) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), regs. 1(2)(b), 6, Sch. 1 (as amended (3.1.2018) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(b), 9)
F1Other administrative powers
Ss. 122A-122I and cross-headings inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(4)
122IPower to suspend trading in financial instruments
1
The FCA may suspend trading of a financial instrument where it considers it necessary for the purpose of the exercise by it of functions under the market abuse regulation or a supplementary EU regulation.
2
If the FCA does so the issuer of the financial instrument may refer the matter to the Tribunal.
3
The FCA may—
a
cancel a suspension under subsection (1); and
b
impose such conditions for the cancellation to take effect as it considers appropriate.
4
The provisions relating to suspension of listing of securities in section 78 (discontinuance or suspension: procedure) apply to a suspension of trading in a financial instrument under subsection (1) and for the purposes of this section—
a
the references in section 78 to listing are to be read as references to trading; and
b
the references in section 78 to securities are to be read as references to financial instruments.
5
For the meaning of “issuer” in this Part, see section 131AB.
Pt. 8 heading substituted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(2)