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;