[87L Power to suspend[, restrict] or prohibit admission to trading on a regulated market]
[87L Power to suspend[, restrict] or prohibit admission to trading on a regulated market]

[(1)     This section applies where a person has requested the admission of transferable securities to trading on a regulated market . . ..

(2)     If the [FCA] has reasonable grounds for suspecting that an applicable provision has been infringed and the securities have not yet been admitted to trading on the regulated market in question, it may—

(a)     require the person requesting admission to suspend the request for a period not exceeding 10 working days;

(b)     require a person not to advertise the securities to which it relates, or to take such steps as [the FCA] may specify to suspend any existing advertisement in connection with those securities, for a period not exceeding 10 working days.

(3)     If the [FCA] has reasonable grounds for suspecting that an applicable provision has been infringed and the securities have been admitted to trading on the regulated market in question, it may—

(a)     require the market operator to suspend trading in the securities for a period not exceeding 10 working days;

(b)     require a person not to advertise the securities, or to take such steps as [the FCA] may specify to suspend any existing advertisement in connection with those securities, for a period not exceeding 10 working days.

(4)     If the [FCA] finds that an applicable provision has been infringed, it may require the market operator to prohibit trading in the securities on the regulated market in question.

(5)     “An applicable provision” means—

(a)     a provision of this Part,

(b)     a provision contained in prospectus rules,