ENF 21.10 Cancellation of approval as a sponsor
Cancellation of approval: general
Criteria the FSA will consider
When considering whether to cancel a sponsor's approval, the FSA will take into account all relevant factors, including, but not limited to, the following:
- (1)
the competence of the sponsor;
- (2)
the adequacy of the sponsor's systems and controls;
- (3)
the sponsor's history of compliance with the listing rules;
- (4)
the nature, seriousness and duration of the suspected failure of the sponsor to meet (at all times) the criteria for approval as a sponsor set out in LR 8.6.5R;
- (5)
any matter which the FSA could take into account if it were considering an application for approval as a sponsor made under section 88(3)(d) of the Act.