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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
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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 subse

Comparing proposed amendment...