DTR 1.4 Suspension of trading
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[Note: section 122I of the Act3]
2If trading of an issuer's financial instruments is suspended, the issuer, any persons discharging managerial responsibilities and any connected person must continue to comply with all applicable disclosure requirements.
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Examples of when the FCA may require the suspension of trading of a financial instrument include:
- (1)
if an issuer fails to make an2 announcement as required by the Market Abuse Regulation2 within the applicable time-limits which the FCA considers could affect the interests of investors or affect the smooth operation of the market; or
- (2)
if there is or there may be a leak of inside information and the issuer is unwilling or unable to issue an appropriate2 announcement required by article 17 of the Market Abuse Regulation2 within a reasonable period of time.
The decision-making procedures to be followed by the FCA when it:
- (1)
requires the suspension of trading of a financial instrument; or
- (2)
refuses an application by an issuer to lift a suspension of trading of a financial instrument2;