[(1) The FCA may suspend the auctioning of a relevant auctioned product at an auction conducted by a recognised auction platform where it considers it necessary for the purpose of the exercise by it of functions under the market abuse regulation or [any supplementary market abuse legislation].
(2) If the FCA does so the recognised auction platform may refer the matter to the Tribunal.
(3) A suspension by the FCA takes place—
(a) immediately, if the FCA specify this is the case, or
(b) on such later date as
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