[87K Power to suspend[, restrict] or prohibit offer to the public]

[87K  Power to suspend[, restrict] or prohibit offer to the public]

[(1)     This section applies where a person (“the offeror”) has made an offer of transferable securities to the public . . . (“the offer”).

(2)     If the [FCA] has reasonable grounds for suspecting that an applicable provision has been infringed, 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 infringed, it may require the offeror to withdraw the offer.

(4)     If the [FCA] finds t

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