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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 21 July 2019 - onwards
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87Q. Right of investor to withdraw

Omitted from 21 July 2019

(1) Where a person agrees to buy or subscribe for transferable securities in circumstances where the final offer price or the amount of transferable securities to be offered to the public is not included in the prospectus, he may withdraw his acceptance before the end of the withdrawal period.

(2) The withdrawal period -

(a) begins with the investor's acceptance; and

(b) ends at the end of the second working day after the date on which the FCA is informed of the information in accordance with section 87A(7).

(3) Subsection (1) does not apply if the prospectus contains -

(a) in the case of the amount of transferable securities to be offered to the public, the criteria or conditions (or both) according to which that element will be determined, or

(b) in the case of price, the criteria or conditions (or both) according to which that element will be determined or the maximum price.

(4) A person (“P”) may withdraw P’s acceptance of an offer of transferable securities to the publi

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