(1) This regulation applies where a person has made an offer of relevant securities to the public ("the offer").

(2) If the FCA has reasonable grounds for suspecting that an applicable provision has been contravened, it may -

(a) require the offeror to suspend the offer for a period not exceeding 10 working days;

(b) require a person not to advertise the offer, or to take such steps as the FCA may specify to suspend any existing advertisement of the offer, for a period not exceeding 10 working days.

(3) If the FCA has reasonable grounds for suspecting that it is likely that an applicable provision will be contravened, it may require the offeror to withdraw the offer.

(4) If the FCA finds that an applicable provision has been contravened, it may require the offeror to withdraw the offer.

(5) "An applicable provision" means -

(a) a provision of Part 6 of FSMA 2000;

(b) a provision of these Regulations;