Suspension and removal of financial instruments from trading

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Suspension and removal of financial instruments from trading
  • MiFID II: suspension and removal of financial instruments from trading
  • Related derivatives
  • Circumstances constituting significant damage to investors’ interests and the orderly functioning of the market
  • Timing and format of publication and communications
  • Register of suspension and restorations
  • UK implementation of MiFID II
  • The FCA’s powers under FSMA 2000, Pt 18A
  • FCA notice of suspension or removal of financial instruments from trading
  • Procedure following consideration of representations
  • More...

Suspension and removal of financial instruments from trading

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

This Practice Note summarises the provisions of the recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and the Market Abuse Regulation (Regulation (EU) 596/2014) related to the suspension and removal of financial instruments from trading by competent authorities and trading venue operators. It also provides information on the powers of the Financial Conduct Authority (FCA), found in Part 18A of the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001, SI 2001/995, to suspend or remove financial instruments from trading, as well as related provisions of the FCA Handbook.

MiFID II: suspension and removal of financial instruments from trading

The original Markets in Financial Instruments Directive (Directive 2004/39/EC) (MiFID I) empowered competent authorities and regulated markets to suspend and remove financial instruments from trading. MiFID II extended this power to multilateral trading

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