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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
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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 the notice given under subsection (2) states that this is the case;

(b) in any other case, on such date as may be specified in the notice.

(2) If the FCA proposes to impose a relevant requirement on an institution, or a class of institutions, or imposes such a requirement with immediate effect, it must give notice -

(a) by written notice to -

(i) the institution or, as the case may be, each institution in the class, and

(ii) the issuer of the financial instrument in question (if any); or

(b) by publishing a notice by means of a regulatory information service.

(3) A notice given under subsection (2)(a) must -

(a) give details of the relevant requirement;

(b) state the FCA's reasons for imposing the requirement and choosing the date on which it took effect or takes effect;

(c) inform the recipient that he may make representations to the FCA within such period as ma

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