18 Listing rules: disciplinary powers in relation to sponsors
Financial Services Act 2012 (2012 c 21) | Legislation

18  Listing rules: disciplinary powers in relation to sponsors

(1)     FSMA 2000 is amended as follows.

(2)     In section 88 (provision that may be made by listing rules in relation to sponsors)—

(a)     in subsection (3), at the end insert—

“(e)     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.”,

(b)     in subsection (4), in paragraph (a), for “for approval as a sponsor” substitute “under sponsor rules”,

(c)     after that paragraph (but before the “or” at the end) insert—

“(aa)     to impose limitations or other restrictions on the services to which a person's approval relates,”,

(d)     in subsection (5), in paragraph (a), for “for approval” substitute “under sponsor rules”,

(e)     after that paragraph (but before the “or” at the end) insert—

“(aa)     not to impose limitations or other restrictions on the services to which a person's approval relates,”,

(f)     in subsection (6), in paragraph (a), for “for approval” substitute “under sponsor rules”,

(g)     after that paragraph (a) (but before the “or” at the end) insert—

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