(1) The market operator of a regulated market may suspend or remove from trading a financial instrument which no longer complies with the rules of the regulated market unless doing so would likely cause significant damage to -
(a) the investors’ interests, or
(b) the orderly functioning of the market.
(2) Without prejudice to paragraph (1), the Bank may direct the suspension or removal of an instrument from trading.
(3) The market operator of a regulated market that suspends or removes from trading a financial instrument shall without delay -
(a) make public the suspension or removal, and
(b) communicate all relevant information to the Bank
and the Bank shall inform the competent authorities of the other Member States.
(4) Where the Bank directs the suspension or removal of a financial instrument from trading on one or more regulated markets the Bank shall without delay -
(a) make public its decision, and
(b) inform the competent authorities of the other Member States and ESMA.