[F1122I.Power to suspend trading in financial instrumentsU.K.
(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.]
Textual Amendments
F1Ss. 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)