2.9.1. Power to suspend or remove a Digital Asset from trading

(1) The rules of a Digital Asset Trading Facility Operator must provide that it has the power to suspend or remove from trading on its facility any Digital Assets with immediate effect or from such date and time as may be specified where it is satisfied that there are circumstances that warrant such action, or it is in the interests of the AIFC.

(2) The AFSA may direct a Digital Asset Trading Facility Operator to suspend or remove Digital Assets from trading with immediate effect or from such date and time as may be specified by the AFSA if it is satisfied there are circumstances that:

(a) warrant such action, or

(b) it is in the interests of the AIFC.

(3) The AFSA may withdraw a direction made under (2) at any time.

(4) Digital Assets that are suspended from trading must remain admitted to trading for the purposes of this Chapter.

(5) The AFSA may prescribe any additional requirements or procedures relating to the removal or suspension of Digital Assets from or restoration of Digital Assets to trading.

2.9.2. Limitation on power to suspend or remove Digital Assets from trading

The rules of a Digital Asset Trading Facility Operator must contain provisions for orderly suspension and removal from trading on its facility of any Digital Asset which no longer complies with its rules, considering the interests of investors and the orderly functioning of the financial market of the AIFC.

2.9.3. Publication of decision

(1) Where the Digital Asset Trading Facility Operator suspends or removes any Digital Asset from trading on its facility, it must notify the AFSA in advance and make that decision public by issuing a public notice on its website.

(2) Where the Digital Asset Trading Facility Operator lifts a suspension or re-admits any Digital Asset to trading on its facility, it must notify the AFSA in advance and make that decision public by issuing a public notice on its website.

(3) Where a Digital Asset Trading Facility Operator has made any decisions on admission, suspension, or removal of Digital Assets from trading on its facility, it must have adequate procedures for notifying Members and Clients of such decisions.