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Financial Services and Markets Act 2000
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Version Superseded: 01/04/2013
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Financial Services and Markets Act 2000, Section 77 is up to date with all changes known to be in force on or before 23 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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77 Discontinuance and suspension of listing.U.K.
This section has no associated Explanatory Notes
(1)The [F1FCA] may, in accordance with listing rules, discontinue the listing of any securities if satisfied that there are special circumstances which preclude normal regular dealings in them.
(2)The [F1FCA] may, in accordance with listing rules, suspend the listing of any securities.
[F2(2A)The [F1FCA] may discontinue under subsection (1) or suspend under subsection (2) the listing of any securities on its own initiative or on the application of the issuer of those securities.]
(3)If securities are suspended under subsection (2) they are to be treated, for the purposes of [F3section 96 and paragraph 23(6) of Schedule 1ZA], as still being listed.
(4)This section applies to securities whenever they were admitted to the official list.
(5)If the [F1FCA] discontinues or suspends the listing of any securities, [F4on its own initiative,] the issuer may refer the matter to the Tribunal.
Textual Amendments
F1Word in ss. 73A-84 substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), ss. 16(2)(3)(a), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F2S. 77(2A) inserted (12.7.2007) by The Regulatory Reform (Financial Services and Markets Act 2000) Order 2007 (S.I. 2007/1973), art. 5(a)
F3Words in s. 77(3) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), ss. 16(5), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F4Words in s. 77(5) inserted (12.7.2007) by The Regulatory Reform (Financial Services and Markets Act 2000) Order 2007 (S.I. 2007/1973), art. 5(b)
Modifications etc. (not altering text)
C1S. 77(2) extended (1.12.2001) by S.I. 2001/2957, arts. 1, 8(3); S.I. 2001/3538, art. 2(1)
Commencement Information
I1S. 77 wholly in force at 1.12.2001; s. 77 not in force at Royal Assent see s. 431(2); s. 77(1)(2)(4) in force for specified purposes at 18.6.2001 by S.I. 2001/1820, art. 2, Sch.; s. 77 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)
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