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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 30 January 2024 - onwards
  Version 6 of 6    

85. Contravention of prohibition relating to public offer of securities

(1) [deleted]

(2) [deleted]

(3) A person who contravenes regulation 12 of the Public Offers and Admissions to Trading Regulations 2024 (prohibition of public offers of relevant securities) is guilty of an offence and liable -

(a) on summary conviction, to imprisonment for a term not exceeding 3 months or a fine not exceeding the statutory maximum or both;

(b) on conviction on indictment, to imprisonment for a term not exceeding 2 years or a fine or both.

(4) A contravention of regulation 12 of the Public Offers and Admissions to Trading Regulations 2024 is actionable, at the suit of a person who suffers loss as a result of the contravention, subject to the defences and other incidents applying to actions for breach of statutory duty.

(5) [deleted]

(6) [deleted]

(6A) [deleted]

(7) [deleted]

(8) [deleted]

Comparing proposed amendment...