[(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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