C1C2Part VI Official Listing
Pt. 6 modified (31.12.2020) by The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/707), regs. 1(2), 73 (as amended by S.I. 2019/1234, regs. 1(2), 23 and with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1234, regs. 1(3), 29(2)))); 2020 c. 1, Sch. 5 para. 1(1)
Sponsors
I188 Sponsors.
1
Listing rules may require a person to make arrangements with a sponsor for the performance by the sponsor of such services in relation to him as may be specified in the rules.
2
“Sponsor” means a person approved by the F10FCA for the purposes of the rules.
3
Listing rules made by virtue of subsection (1) may—
a
provide for the F10FCA to maintain a list of sponsors;
b
specify services which must be performed by a sponsor;
c
impose requirements on a sponsor in relation to the provision of services or specified services;
d
specify the circumstances in which a person is qualified for being approved as a sponsor.
F2e
provide for limitations or other restrictions to be imposed on the services to which an approval relates (whether or not the approval has already been granted);
f
provide for the approval of a sponsor to be suspended on the application of the sponsor.
4
If the F10FCA proposes—
a
to refuse a person’s application F3under sponsor rules,
F4aa
to impose limitations or other restrictions on the services to which a person's approval relates, or
b
to cancel a person’s approval as a sponsor F1otherwise than at his request,
it must give him a warning notice.
5
If, after considering any representations made in response to the warning notice, the F10FCA decides—
a
to grant the application F5under sponsor rules,
F6aa
not to impose limitations or other restrictions on the services to which a person's approval relates, or
b
not to cancel the approval,
it must give the person concerned, and any person to whom a copy of the warning notice was given, written notice of its decision.
6
If, after considering any representations made in response to the warning notice, the F10FCA decides—
a
to refuse to grant the application F7under sponsor rules,
F8aa
to impose limitations or other restrictions on the services to which a person's approval relates, or
b
to cancel the approval,
it must give the person concerned a decision notice.
7
A person to whom a decision notice is given under this section may refer the matter to the Tribunal.
F98
In this section any reference to an application under sponsor rules means—
a
an application for approval as a sponsor,
b
an application for the suspension of an approval as a sponsor,
c
an application for the withdrawal of the suspension of an approval as a sponsor, or
d
an application for the withdrawal or variation of a limitation or other restriction on the services to which a sponsor's approval relates.
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)