C1Part VI Official Listing
F1Transferable securities: powers of F2FCA
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
Words 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.
87MPublic censure of issuer
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,
F3c
any provision of, or made in accordance with, the prospectus regulation,
applicable to a prospectus in relation to the transferable securities in question.
5
“Prospectus” includes a supplementary prospectus F4and also includes, where final terms (see Article 8 of the prospectus regulation) are contained in a separate document that is neither a prospectus nor a supplementary prospectus, that separate document.
Pt. 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)