[87M Public censure of issuer]
[87M Public censure of issuer]

[(1)     If the [FCA] finds that—

(a)     an issuer of transferable securities,

(b)     a person offering transferable securities to the public, or

(c)     a person requesting the admission of transferable securities to trading on a regulated market,

is failing or has failed to comply with his obligations under an applicable provision, it may publish a statement to that effect.

(2)     If the [FCA] proposes to publish a statement, it must give the person a warning notice setting out the terms of the proposed statement.

(3)     If, after considering any representations made in response to the warning notice, the [FCA] decides to make the proposed statement, it must give the person a decision notice setting out the terms of the statement.

(4)     “An applicable provision” means—

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