[89L Power to suspend or prohibit trading of securities]
[89L Power to suspend or prohibit trading of securities]

[(1)     This section applies to securities admitted to trading on a regulated market.

(2)     If the [FCA] has reasonable grounds for suspecting that an applicable transparency obligation has been infringed by an issuer, it may—

(a)     suspend trading in the securities for a period not exceeding 10 days,

(b)     prohibit trading in the securities, or

(c)     make a request to the operator of the market on which the issuer's securities are traded—

(i)     to suspend trading in the securities for a period not exceeding 10 days, or

(ii)     to prohibit trading in the securities.

(3)     If the [FCA] has reasonable grounds for suspecting that a provision required by the transparency obligations directive [an applicable transparency obligation] has been infringed by a voteholder of an issuer, it may—