Part VI Official Listing

F1Transferable securities: powers of F2FCA

F287MPublic 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,

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.