Section 313A FCA's power to require suspension or removal of financial instruments from tradingF1 F6

United Kingdom

(1)

The F2FCA may, for the purpose of protecting—

(a)

the interests of investors, or

(b)

the orderly functioning of the financial markets,

require an institution F3or a class of institutions to suspend or remove a financial instrument from trading.

(F42)

If the FCA 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 F5trading venue .

Annotations

F1: 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
F2: 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.
F3: Words in s. 313A(1) inserted (9.4.2010) by The Financial Services and Markets Act 2000 (Amendments to Part 18A etc.) Regulations 2010 (S.I. 2010/1193), reg. 2(2)
F4: S. 313A(2) substituted (9.4.2010) by The Financial Services and Markets Act 2000 (Amendments to Part 18A etc.) Regulations 2010 (S.I. 2010/1193), reg. 2(3)
F5: Words 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)
F6: Word 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.

C1: 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)