267 Power of [FCA] to suspend promotion of scheme
267 Power of [FCA] to suspend promotion of scheme

(1)     Subsection (2) applies if it appears to the [FCA] that the operator of a scheme has communicated an invitation or inducement in relation to the scheme in a manner contrary to financial promotion rules.

(2)     The [FCA] may direct that—

(a)     the exemption from subsection (1) of section 238 provided by subsection (4)(c) of that section is not to apply in relation to the scheme; and

(b)     subsection (5) of that section does not apply with respect to things done in relation to the scheme.

(3)     A direction under subsection (2) has effect—

(a)     for a specified period;

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270 . . .
271 . . .

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