[(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;
(b) any provision of prospectus rules;
(c) any provision of the prospectus regulation;
(d) any provision made in accordance
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