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AI Summary of Article 32 Suspension and removal of financial instruments from trading on an MTF or an OTF

This transcript outlines the conditions under which an investment firm or market operator can suspend or remove a financial instrument from trading within a Multilateral Trading Facility (MTF) or Organised Trading Facility (OTF). Such actions are permissible if the instrument no longer complies with trading rules, provided it does not inflict significant harm on investor interests or market order.

It further mandates that derivatives linked to the underlying instrument must also be suspended when necessary, with public communication required from the decision-makers, alongside notifications to the competent authority and the European Securities and Markets Authority (ESMA). Regulatory technical standards will be developed to assure proportionality in these suspensions.

Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 2 July 2014 - onwards
Version 2 of 2

Article 32 Suspension and removal of financial instruments from trading on an MTF or an OTF

1. Without prejudice to the right of the competent authority under Article 69(2) to demand suspension or removal of a financial instrument from trading, an investment firm or a market operator operating an MTF or an OTF may suspend or remove from trading a financial instrument which no longer complies with the rules of the MTF or an OTF unless such suspension or removal would be likely to cause significant damage to the investors' interests or the orderly functioning of the market.