(1)The FCA may suspend trading of a financial instrument where it considers it necessary for the purpose of the exercise by it of functions under the market abuse regulation or under supplementary market abuse legislation.

(2) If the FCA does so the issuer of the financial instrument may refer the matter to the Tribunal.

(2A) But subsection (2) does not apply if the financial instrument is an emission allowance.

(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.

(4) The provisions relating to suspension of listing of securities in section 78 [Section 78 was amended by S.I. 2007/1973, section 16(1) to (3) of the Financial Services Act 2012 and by S.I. 2014/3329. ] (discontinuance or suspension: procedure) apply to a suspension of trading in a financial instrument other than an emission allowance under subsection (1) and for the purposes of this section -

(a) the references in section 78 to listing are to be read as references to trading; and

(b) the references in section 78 to securities are to be read as references to financial instruments.