The procedure the Regulator will follow if it exercises its power to require a Recognised Body to suspend or remove a Financial Instrument from trading or Clearing is set out in Part 14 of FSMR. The Regulator's internal arrangements provide for decisions to exercise this power to be taken at an appropriately senior level. If the Regulator exercises this power, the Recognised Body concerned and the issuer (if any) of the relevant Financial Instrument may refer the matter to the Regulatory Committee.