The court may, on the application of the FCA and in accordance with this section, make a voting rights suspension order in respect of a person who is a voteholder in relation to shares in a particular company which are admitted to trading on a regulated market and identified in the application.
A voting rights suspension order is an order which suspends the person's exercise of voting rights attaching to the shares to which the order relates.
The court may make a voting rights suspension order in respect of a person only if it is satisfied—
For the purposes of subsection (3)(b), the court may, in particular, have regard to—
A voting rights suspension order may be made in relation to some or all of the shares to which the application relates.
A voting rights suspension order may be made for a specified period or an indefinite period.
A voting rights suspension order takes effect—
Where a voting rights suspension order has been made, the FCA, the person to whom it applies or the company which issued the shares to which it relates, may apply to the court for—
The FCA must consult the PRA before making an application to the court under this section in relation to—
The jurisdiction conferred by this section is exercisable—
In this section—
"relevant transparency provision" means—a provision of the transparency rules which implemented Article 9, 10, 12, 13 or 13a of the transparency obligations directive, ... a provision, originally made under any of those Articles, that is assimilated direct legislation, a provision of regulations made by the Treasury under regulation 71 of the Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 for a purpose specified in paragraphs 13 to 16 of Schedule 2 to those Regulations, ora provision of technical standards made by the FCA under regulation 72 of those Regulations for a purpose specified in paragraphs 32 to 35 of that Schedule.
"voteholder" has the meaning given by section 89J(3).