F1Part 18ASUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING
F2313CA.Suspension or removal of financial instruments from trading: notification and trading on other venues
(1)
The FCA must take the steps in subsection (2) to (4) if it imposes a requirement on an institution under section 313A to—
(a)
suspend or remove a financial instrument from trading; or
(b)
suspend or remove a derivative which relates, or is referenced, to the financial instrument from trading to support the objectives of a suspension or removal mentioned in paragraph (a).
(2)
The FCA must require any trading venue or systematic internaliser which falls under its jurisdiction and trades the same instrument or derivative to suspend or remove the instrument or derivative from trading if a suspension or removal mentioned in subsection (1) was due to—
(a)
suspected market abuse;
(b)
a take-over bid; or
(c)
the non-disclosure of inside information about the issuer or the instrument.
(3)
But the FCA is not obliged to impose a requirement under subsection (2) if it could cause significant damage to the interests of investors or the orderly functioning of the market.
(4)
The FCA must—
(a)
inform ESMA and the competent authorities of every other EEA State of—
(i)
a decision to impose a requirement under section 313A;
(ii)
a decision to revoke a requirement imposed under section 313A;
(iii)
a decision to impose, not to impose, or to revoke a requirement under subsection (2); and
(b)
publish a decision mentioned in paragraph (a)(i) to (iii) in such a manner as it considers appropriate unless the decision has already been published under section 313B(2)(b) or 313BE(5).