Section 89L

This section applies to securities admitted to trading on a regulated market. If the FCA has reasonable grounds for suspecting that an applicable transparency obligation has been infringed by an issuer, it may— suspend trading in the securities for a period not exceeding 10 days, prohibit trading in the securities, or make a request to the operator of the market on which the issuer's securities are traded— to suspend trading in the securities for a period not exceeding 10 days, or to prohibit trading in the securities. If the FCA has reasonable grounds for suspecting that an applicable transparency obligation has been infringed by a voteholder of an issuer, it may— prohibit trading in the securities, or make a request to the operator of the market on which the issuer's securities are traded to prohibit trading in the securities. If the FCA finds that an applicable transparency obligation has been infringed, it may require the market operator to prohibit trading in the securities. In this section “transparency obligation” means an obligation under qualifying transparency legislation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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