C1Part VI Official Listing

Annotations:
Modifications etc. (not altering text)
C1

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)

F1Transferable securities: powers of competent authority

Annotations:
Amendments (Textual)
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

87MPublic censure of issuer

 

1

If the competent authority 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 competent authority 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 competent authority 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.