Section 35(7)

A requirement imposed under paragraph (6) ceases to have effect— where it was imposed on the ground specified in paragraph (6)(a) or (b)— upon revocation of the prohibition or restriction under Article 42(6) of the markets in financial instruments regulation; or when the FCA notifies the offeror that it is satisfied that the prohibition or restriction does not have, or no longer has, any bearing on the relevant securities to which the offer relates; where it was imposed on the ground specified in paragraph (6)(c), when the FCA notifies the offeror that it is satisfied that the contravention of product intervention rules or financial promotion rules does not have, or no longer has, any bearing on the relevant securities to which the offer relates; where it was imposed on the ground specified in subsection (6)(d), when the FCA notifies the offeror that it is satisfied that the offer, if no longer suspended or restricted, would not result in a contravention of product intervention rules or financial promotion rules; upon the FCA giving notice under regulation 38(5) revoking its decision to impose the requirement; where the FCA’s decision to impose the requirement is quashed on a reference to the Tribunal or in other legal proceedings, on the date of the judgment of the Tribunal or of the court concerned.

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Source: legislation.gov.uk · retrieved 2026-09-04