[F1Part 18AU.K.SUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING

Textual Amendments

313A [F2FCA's] power to require suspension or removal of financial instruments from tradingU.K.

(1)The [F3FCA] may, for the purpose of protecting—

(a)the interests of investors, or

(b)the orderly functioning of the financial markets,

require an institution [F4or a class of institutions] to suspend or remove a financial instrument from trading.

[F5(2)If the [F3FCA] exercises the power conferred by subsection (1), the matter may be referred to the Tribunal by—

(a)the institution or, as the case may be, any institution in the class, or

(b)the issuer of the financial instrument (if any).]

(3)In this section, “trading” includes trading otherwise than on a [F6trading venue] .]

Textual Amendments

F2Word in Pt. 18A substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 36(b), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F3Word in Pt. 18A substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 36(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F6Words in s. 313A(3) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 2 para. 39 (with reg. 7)