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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2024 - onwards
Version 3 of 3

Article 28a Suspension or modification of Article 28

1. The FCA may direct that the trading obligation imposed by Article 28(1) and (2) (the "DTO") is suspended or modified in accordance with the direction if it considers that the suspension or modification -

(a) is necessary for the purpose of preventing or mitigating disruption to financial markets, and

(b) advances one or more of the FCA's operational objectives referred to in section 1B(3) of FSMA.

2. A direction under this Article may provide for the DTO to be suspended or modified -

(a) in the case of all persons to whom the DTO applies or only to such persons or descriptions of persons as are specified in the direction;

(b) in the case of all derivatives to which the DTO applies or only to such derivatives, or classes of derivatives, as are specified in the direction;

(c) by reference to the venues on which derivative transactions are concluded under the DTO;

(d) subject to conditions.