{
  "url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-16",
  "json_url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-16.json",
  "legislation": "ukdsi/2024/9780348265538",
  "legislation_title": "The Short Selling Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-short-selling-regulations-2024",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Conditions applying to exercise of FCA powers in exceptional circumstances",
  "text": "(1) The FCA may exercise a power under regulation 13, 14 or 15 only if the FCA considers that—\n(a) there are adverse events or developments which constitute a serious threat to financial stability or to market confidence in the United Kingdom,\n(b) it is necessary to exercise the power to address the threat, and\n(c) the exercise of the power will not have a detrimental effect on the efficiency of the financial markets in the United Kingdom which is disproportionate to its benefits.\n(2) Subject to paragraph (1), the FCA may exercise a power under regulation 13, 14 or 15 in such circumstances or subject to such exceptions as the FCA considers appropriate.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348265538/regulation/16",
    "retrieved_at": "2026-10-30T14:40:14.742662+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}