Requirement (MIFID)
Article 41 Suspension and removal of instruments from trading
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. Without prejudice to the right of the competent authority under
Article 50(2)(j) and (k) to demand suspension or removal of an instrument
from trading, the operator of the regulated market may suspend or
remove from trading a financial instrument which no longer complies
with the rules of the regulated market unless such a step would be likely
to cause significant damage to the investors' interests or the orderly
functioning of the market.
Notwithstanding the possibility for the operators of regulated markets to
inform directly the operators of other regulated markets, Member States
shall require that an operator of a regulated market that suspends or
removes from trading a financial instrument make public this decision
and communicates relevant information to the competent authority. The
competent authority shall inform the competent authorities of the other
Member States.
2. A competent authority which demands the suspension or removal
of a financial instrument from trading on one or more regulated markets
shall immediately make public its decision and inform the competent
authorities of the other Member States. Except where it could cause
significant damage to the investors' interests or the orderly functioning
of the market the competent authorities of the other Member States shall
(1) >C1 OJ L 345, 31.12.2003, p. 64. <
demand the suspension or removal of that financial instrument from
trading on the regulated markets and MTFs that operate under their
authority.