1. The FCA may prohibit or restrict the following in or from the United Kingdom:
(a) the marketing, distribution or sale of certain financial instruments or structured deposits or financial instruments or structured deposits with certain specified features; or
(b) a type of financial activity or practice.
2. The FCA may take the action referred to in paragraph 1 if it is satisfied on reasonable grounds that:
(a) either
(i) a financial instrument, structured deposit or activity or practice gives rise to significant investor protection concerns or poses a threat to the orderly functioning and integrity of financial markets or commodity markets or to the stability of whole or part of the financial system within the United Kingdom; or
(ii) a derivative has a detrimental effect on the price formation mechanism in the underlying market;
(b) existing regulatory requirements under the law of the United Kingdom (or any part of the United Kingdom) applicable to the financial instrument, structur
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