Section 128(1)

If the FCA considers it desirable or expedient because of the exercise or possible exercise of a relevant power, it may direct a recognised investment exchange , recognised clearing house or recognised CSD— to terminate, suspend or limit the scope of any inquiry which the exchange , clearing house or central securities depository is conducting under its rules; or not to conduct an inquiry which the exchange , clearing house or central securities depository proposes to conduct under its rules.

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Source: legislation.gov.uk · retrieved 2026-09-04