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Version date: 28 November 2017 - onwards
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128. Suspension of investigations

(1) If the FCA considers it desirable or expedient because of the exercise or possible exercise of a relevant power, it may direct a recognised investment exchange, recognised clearing house or recognised CSD -

(a) to terminate, suspend or limit the scope of any inquiry which the exchange, clearing house or central securities depository is conducting under its rules; or

(b) not to conduct an inquiry which the exchange, clearing house or central securities depository proposes to conduct under its rules.

(2) A direction under this section -

(a) must be given to the exchange, clearing house or central securities depository concerned by notice in writing; and

(b) is enforceable, on the application of the FCA, by injunction or, in Scotland, by an order under section 45 of the Court of Session Act 1988 [1988 c. 36.].

(3) In this section "relevant power" means the FCA’s power -

(a) to impose a penalty or publish a statement of censure under section 123;

(b) to impose a prohibition under sec

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