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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 1 December 2024 - onwards
Version 3 of 3

Article 18a Article 18: waivers and suspensions for fixed income instruments and derivatives etc

1. Rules under Article 18 may include provision for any requirements imposed by those rules to be waived in such cases, and to such extent, as may be determined by or under the rules.

2. Rules that include provision under paragraph 1 may impose whatever conditions on the application of a waiver as the FCA considers appropriate.

3. The FCA may by notice given to a systematic internaliser withdraw a waiver granted by virtue of paragraph 1 if the FCA considers that the waiver is being used -

(a) in a way that deviates from its original purpose, or

(b) to avoid requirements imposed by the rules.

4. The FCA may by notice suspend requirements imposed by rules under Article 18 in the case of such relevant instruments, or class of relevant instruments, as may be specified in the notice.

5. A notice under paragraph 4 suspending requirements -

(a) may be given subject to conditions;

(b) must specify the period for which the suspension has effect;