Cross-border Enforcement of Listed Companies' Duties to Inform (IVOR nr. 87) 2012/6.3:6.3 Administrative proceedings

Cross-border Enforcement of Listed Companies' Duties to Inform (IVOR nr. 87) 2012/6.3

6.3 Administrative proceedings

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

In case the issuer of the listed securities or the applicant for listing contravenes any provision of the Listing Rules, including the duty to provide true and für information, the FSA may impose, on the basis of section 91(1) FSMA 2000, on them a penalty of such an amount as it considers appropriate. The same power to impose a penalty is given to the FSA for contraventions of its Prospectus Rules.1 However, the scope of persons is wider:

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an issuer of transferable securities;

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a person offering transferable securities to the public or requesting their admission to trading on a regulated market;

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an applicant for the approval of a prospectus in relation to transferable securities;

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a person on whom a requirement has been imposed onder section 87K or 87L; or

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any other person to whom a provision of the prospectus directive applies.

Deze functie is alleen te gebruiken als je bent ingelogd.