Part VI Official Listing

F1Approval of prospectus

87DProcedure for decision on application for approval

 

(1)

If the F2FCA approves a prospectus, it must give the applicant F3and ESMA written notice.

F4(1A)

The written notice to ESMA must be accompanied by a copy of the prospectus as approved.

(2)

If the F2FCA proposes to refuse to approve a prospectus, it must give the applicant written notice.

(3)

The notice must state the F2FCA's reasons for the proposed refusal.

(4)

If the F2FCA decides to refuse to approve a prospectus, it must give the applicant written notice.

(5)

The notice must—

(a)

give the F2FCA's reasons for refusing the application; and

(b)

inform the applicant of his right to refer the matter to the Tribunal.

(6)

If the F2FCA refuses to approve a prospectus, the applicant may refer the matter to the Tribunal.

(7)

In this section “prospectus” includes a supplementary prospectus.