Part VI Official Listing
F1Approval of prospectus
87DProcedure for decision on application for approval
(1)
If the competent authority approves a prospectus, it must give the applicant written notice.
(2)
If the competent authority proposes to refuse to approve a prospectus, it must give the applicant written notice.
(3)
The notice must state the competent authority's reasons for the proposed refusal.
(4)
If the competent authority decides to refuse to approve a prospectus, it must give the applicant written notice.
(5)
The notice must—
(a)
give the competent authority's reasons for refusing the application; and
(b)
inform the applicant of his right to refer the matter to the Tribunal.
(6)
If the competent authority refuses to approve a prospectus, the applicant may refer the matter to the Tribunal.
(7)
In this section “prospectus” includes a supplementary prospectus.