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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
  Version 4 of 4    

Schedule 3 Part 18A of the Act

Revoked from 29 August 2023

Regulation 3(3)

1. After section 313 of the Act (interpretation of Part 18) insert -

"Part 18A Suspension and Removal of Financial Instruments From Trading

313A. Authority’s power to require suspension or removal of financial instruments from trading

(1) The Authority may, for the purpose of protecting -

(a) the interests of investors, or

(b) the orderly functioning of the financial markets,

require an institution to suspend or remove a financial instrument from trading.

(2) If the Authority exercises the power conferred by subsection (1), the institution concerned or, if any, the issuer of the financial instrument concerned may refer the matter to the Tribunal.

(3) In this section, "trading" includes trading otherwise than on a regulated market or a multilateral trading facility.

313B. Suspension or removal of financial instruments from trading: procedure

(1) A requirement imposed on an institution under section 313A (a "relevant requirement") takes effect -

(a) immediately, if

Comparing proposed amendment...