Trading venues and systematic internalisers (SIs) may have to notify us when there are changes in the status of the securities they trade. These include suspension and removal (cancellation) of certain financial instruments from trading and any subsequent restoration.
Submitting information to us
In some circumstances, a UK trading venue will decide to suspend or remove an instrument. This may be because it no longer complies with the venue’s rules, and/or because of suspected market abuse, a take-over bid or the non-disclosure of inside information about the issuer or financial instrument.
If this applies to a security traded on your venue, you must inform us using the trading venue reporting form.
Complete the form in the format set out in the technical standards, and then email it to our Issuer Management team: [email protected]
You’ll need to specify the reason for the action, including restorations of any suspensions.
Only the trading venue making the initial decision needs to make the notification to us – trading venues following action from us or from other UK trading venues don’t need to make a submission.
If the reason for the action relates to:
- suspected market abuse
- filing of tender offers and related events (a take-over bid)
- the non-disclosure of inside information about the issuer or the instrument (see Articles 7 and 17 of the Regulation (EU) No. 596/2014, as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019) (SI 2019/310))
Make sure you use the relevant text at the beginning of the entry for ‘Reason For Action’.
Notifications from us
Where action is required in relation to security statuses, we inform UK trading venues and SIs by email.
It may also be necessary for a trading venue or SI to suspend or remove a derivative from trading.
These requirements do not apply in relation to listing suspensions, removals and restorations.
Our record of trading venue notifications
For notifications from UK trading venues, or created by us, we provide a record of where we have required action in relation to security statuses.
We aim to update this daily, where required. It includes information where, following a notification from a UK trading venue, and because of potential significant damage to the interests of investors or the orderly functioning of the market, we have decided not to require other trading venues to also suspend or remove an instrument or derivative from trading.
The workbook also explains the relevant fields. Securities may appear more than once.
The workbook should not be used to determine the current status of a security because it only records actions under Part 18A FSMA 2000 and related technical standards – and not where the security status has changed for other reasons.
For more information see:
- Part 18A of the Financial Services and Markets Act 2000
- The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (SI 2017/701),
- The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (SI 2018/1403).
- Technical standards:
- Commission Implementing Regulation (EU) 2017/1005, as amended by The Technical Standards (Markets in Financial Instruments Directive) (EU Exit) (No 1) Instrument 2019;
- Commission Delegated Regulation (EU) 2017/565, as amended by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (SI 2018/1403);
- Commission Delegated Regulation (EU) 2017/569, as amended by The Technical Standards (Markets in Financial Instruments Directive) (EU Exit) (No 1) Instrument 2019