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Financial Services and Markets Act 2000
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89Public censure of sponsor
This section has no associated Explanatory Notes
(1)Listing rules may make provision for the competent authority, if it considers that a sponsor has contravened a requirement imposed on him by rules made as a result of section 88(3)(c), to publish a statement to that effect.
(2)If the competent authority proposes to publish a statement it must give the sponsor 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 sponsor a decision notice setting out the terms of the statement.
(4)A sponsor to whom a decision notice is given under this section may refer the matter to the Tribunal.
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