Part VIU.K. Official Listing

Modifications etc. (not altering text)

[F1Transferable securities: powers of [F2FCA] U.K.

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.

87MPublic censure of issuerU.K.

 

(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,

[F3(c)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].]

Textual Amendments