Modifications etc. (not altering text)
C1Pt. 6 (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)
Textual Amendments
F1 Ss. 84-87R and cross-headings substituted for ss. 84-87 (1.7.2005) by The Prospectus Regulations 2005 (S.I. 2005/1433), reg. 2(1), Sch. 1 para. 5
F2Words in ss. 87J-87O and cross-heading substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 16(2)(3)(e), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
(1)If the [F2FCA] finds that—
(a)an issuer of transferable securities,
(b)a person offering transferable securities to the public, or
(c)a person requesting the admission of transferable securities to trading on a regulated market,
is failing or has failed to comply with his obligations under an applicable provision, it may publish a statement to that effect.
(2)If the [F2FCA] proposes to publish a statement, it must give the person a warning notice setting out the terms of the proposed statement.
(3)If, after considering any representations made in response to the warning notice, the [F2FCA] decides to make the proposed statement, it must give the person a decision notice setting out the terms of the statement.
(4)“An applicable provision” means—
(a)a provision of this Part,
(b)a provision contained in prospectus rules,
(c)any other provision made in accordance with the prospectus directive,
applicable to a prospectus in relation to the transferable securities in question.
(5)“Prospectus” includes a supplementary prospectus.]]