The Recognised Auction Platforms Regulations 2011

This section has no associated Explanatory Memorandum

[F16.  Part 8 (provisions relating to market abuse) has effect as if for section 122I there were substituted—U.K.

122I.    “Power to suspend trading in auctioned products

(1) The FCA may suspend trading in, or the auctioning of, an auctioned product where it considers it necessary for the purposes of the exercise by it of functions under the emission allowances market abuse regime.

(2) A suspension by the FCA takes effect—

(a)immediately, if the FCA specify that that is the case;

(b)in any other case, on such date as the FCA specify.

(3) The FCA may—

(a)cancel a suspension under subsection (1); and

(b)impose such conditions for the cancellation to take effect as it considers appropriate.”.]

Textual Amendments