(1) Notwithstanding Regulation 59, a UCITS may in the cases and according to the procedure provided in its trust deed, deed of constitution or articles temporarily suspend the repurchase or redemption of its units. Suspension may be provided for only in exceptional cases where circumstances so require and suspension is justified having regard to the interest of the unit-holders.
(2) The Bank may require the suspension of the repurchase or redemption of units in the interests of the unit-holder or the public.
(3) A UCITS which acts in accordance with paragraph (1) must without delay communicate its decision to the Bank and to the competent authorities in the Member States in which it markets its units.