Part 18A

SUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING

Revocation of requirements: applications by issuers
313BD
1
This section applies where the
FCA
has imposed a requirement on an institution or a class of institutions under section 313A.
2
The issuer of the financial instrument may apply to the
FCA
for the revocation of the requirement.
3
The
FCA
must decide whether to revoke the requirement.
4
In the case of a requirement imposed on a class of institutions, the
FCA
may decide to revoke it in relation to—
a
the class;
b
the class apart from one or more specified members of it; or
c
one or more specified members of the class only.
5
The
FCA
must give the issuer a warning notice if—
a
in the case of a requirement imposed on an institution, the
FCA
proposes not to revoke the requirement, or
b
in the case of a requirement imposed on a class, the
FCA
proposes not to revoke the requirement or to revoke it in relation to—
i
the class apart from one or more specified members of it, or
ii
one or more specified members of the class only.
Pt. 18A inserted (1.4.2007 for certain purposes and 1.11.2007 otherwise) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(3), Sch. 3 para. 1
Ss. 313BA-313BE inserted (9.4.2010) by The Financial Services and Markets Act 2000 (Amendments to Part 18A etc.) Regulations 2010 (S.I. 2010/1193), reg. 4
Pt. 18A: power to amend conferred (1.9.2023) by Financial Services Act 2021 (c. 22), ss. 22(8)(b), 49(5); S.I. 2023/934, reg. 2(c)
Word 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.