[87JB Power to refuse approval of a prospectus]
[87JB Power to refuse approval of a prospectus]

[(1)     Where the FCA is satisfied that a person has repeatedly and seriously infringed provision within subsection (2) (whether or not each infringement is of the same provision), the FCA may decide that, for a period not exceeding 5 years, the FCA will not accept from the person any application for approval of a prospectus.

(2)     The provisions referred to in subsection (1) are—

(a)     any provision of this Part so far as relating to prospectuses;

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