Section 313CBA(2)

The following are circumstances in which a suspension or removal from trading of a financial instrument could cause significant damage to the interests of investors or the orderly functioning of the market— where it would create a systemic risk undermining financial stability, such as where the need exists to unwind a dominant market position, or where settlement obligations would not be met in a significant volume; where the continuation of trading on the market is necessary to perform critical post-trade risk management functions when— as a result of the default of a clearing member there is a need for the liquidation of financial instruments under the default procedures of a central counterparty, and a central counterparty would be exposed to unacceptable risks as a result of an inability to calculate margin requirements; where the financial viability of the issuer would be threatened, such as where it is involved in a corporate transaction or capital raising.

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