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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2012 - onwards
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87R. Register of investors

Omitted from 1 July 2012

(1) The competent authority must establish and maintain, in accordance with this section and prospectus rules, a register of investors for the purposes of section 86.

(2) An individual may not be entered in the register unless -

(a) he is resident in the United Kingdom; and

(b) he meets at least two of the criteria mentioned in Article 2.2 of the prospectus directive.

(3) A company may not be entered in the register unless -

(a) it falls within the meaning of "small and medium-sized enterprises" in Article 2.1 of the prospectus directive; and

(b) its registered office is in the United Kingdom.

(4) A person who does not fall within subsection (2) or (3) may not be entered in the register.

Comparing proposed amendment...