英国停牌、摘牌研究.doc

 HTMLCONTROL Forms.HTML:Image.1 LR 5.1?Suspending listing （停牌）窗体底端 FSA may suspend listing（FAS可暂停交易） LR 5.1.1?01/07/2005 (1)?  HYPERLINK /FSA/handbook/LI/2005/2005_35.pdf \t superscript 1The  HYPERLINK /FSA/glossary-html/handbook/Glossary/F?definition=G447 \t w_glossary FSA may suspend, with effect from such time as it may determine, the  HYPERLINK /FSA/glossary-html/handbook/Glossary/L?definition=G661 \t w_glossary listing of any  HYPERLINK /FSA/glossary-html/handbook/Glossary/S?definition=G1061 \t w_glossary securities if the smooth operation of the market is, or may be, temporarily jeopardised or it is necessary to protect investors. [Note: article 18(1)  HYPERLINK /FSA/glossary-html/handbook/Glossary/C?definition=G1739 \t w_glossary CARD] 如果市场的运营被或可能被破化或停牌有利于保护投资者，FSA可对任何证券停牌，停牌自决定后生效 (2)? An  HYPERLINK /FSA/glossary-html/handbook/Glossary/I?definition=G627 \t w_glossary issuer that has the  HYPERLINK /FSA/glossary-html/handbook/Glossary/L?definition=G661 \t w_glossary listing of any of its  HYPERLINK /FSA/glossary-html/handbook/Glossary/S?definition=G1061 \t w_glossary securities suspended must continue to comply with all  HYPERLINK /FSA/glossary-html/handbook/Glossary/L?definition=G661 \t w_glossary listing rules applicable to it. 发行人停牌后必须继续符合上市规则 If the  HYPERLINK /FSA/glossary-html/handbook/Glossary/F?definition=G447 \t w_glossary FSA suspends the  HYPERLINK /FSA/glossary-html/handbook/Glossary/L?definition=G661 \t w_glossary listing of any  HYPERLINK /FSA/glossary-html/handbook/Glossary/S?definition=G1061 \t w_glossary securities, it may impose such conditions on the procedure for lifting the suspension as it considers appropriate. 如果FAS暂停某个证券的交易，可按FAS认为合适的方式，给发行人恢复交易提出一些条件 Examples of when FSA may suspend（FAS停牌的例子） LR 5.1.2?01/07/2005 Examples of when the  HYPERLINK /FSA/glossary-html/handbook/Glossary/F?definition=G447 \t w_glossary FSA may suspend the  HYPERLINK /FSA/glossary-html/handbook/Glossary/L?defini