(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)
