Part VI Official Listing

F1Powers exercisable in case of infringement of transparency obligation

89LPower to suspend or prohibit trading of securities

(1)

This section applies to securities admitted to trading on a regulated market.

(2)

If the F2FCA has reasonable grounds for suspecting that an applicable transparency obligation has been infringed by an issuer, it may—

(a)

suspend trading in the securities for a period not exceeding 10 days,

(b)

prohibit trading in the securities, or

(c)

make a request to the operator of the market on which the issuer's securities are traded—

(i)

to suspend trading in the securities for a period not exceeding 10 days, or

(ii)

to prohibit trading in the securities.

(3)

If the F2FCA has reasonable grounds for suspecting that F3an applicable transparency obligation has been infringed by a voteholder of an issuer, it may—

(a)

prohibit trading in the securities, or

(b)

make a request to the operator of the market on which the issuer's securities are traded to prohibit trading in the securities.

(4)

If the F2FCA finds that an applicable transparency obligation has been infringed, it may require the market operator to prohibit trading in the securities.

(5)

In this section “transparency obligation” means an obligation F4under qualifying transparency legislation.

F5(6)

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