(1) The FCA may suspend the auctioning of a relevant auctioned product at an auction conducted by a recognised auction platform where it considers it necessary for the purpose of the exercise by it of functions under the market abuse regulation or any supplementary market abuse legislation.
(2) If the FCA does so the recognised auction platform may refer the matter to the Tribunal.
(3) A suspension by the FCA takes place -
(a) immediately, if the FCA specify this is the case, or
(b) on such later date as the FCA specify.
(a) cancel a suspension under subsection (1), and
(b) impose such conditions for the cancellation to take effect as it considers appropriate.
(5) The provisions relating to the suspension and removal of financial instruments from trading set out in -
(a) section 313B(2) to (4) [Sections 313B(2) to (4) were inserted by S.I. 2007/126 and amended by S.I. 2010/1193 and section 36 of the Financial Services Act 2012.] (suspension or removal of financial ins
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