(1) Paragraph (2) applies to a person who -
(a) is a sponsor approved in accordance with listing rules made pursuant to section 88;
(b) was before commencement a person on the register of approved sponsors maintained by the Authority for the purposes of old listing rules;
(c) before commencement had contravened a requirement imposed on him by virtue of old listing rules, in relation to which the Authority had power under those rules to censure him;
(d) had not, before commencement, been censured in accordance with those rules (or been the subject of a final decision that he should not be so censured) in respect of that contravention; and
(e) would, if the actions or omissions constituting such contravention had taken place after commencement, have been in contravention of a requirement imposed on him by rules made (or treated as made) under Part VI.
(2) Where, pursuant to subsection (1) of section 89, listing rules provide for the competent authority to publish a statement as described
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