(1) This regulation applies to a prospectus ("relevant prospectus") which is approved by the FCA, in accordance with Part 6 of FSMA, before 21st July 2019.

(2) This regulation ceases to apply to a relevant prospectus on 21st July 2020 or, if earlier, the date on which, in accordance with prospectus rules, the period of validity of the prospectus expires.

(3) In relation to a relevant prospectus -

(a) FSMA continues to have effect without the amendments made by Part 2 of these Regulations;

(b) the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and the Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013 continue to have effect without the amendments made by Part 4 of these Regulations; and

(c) prospectus rules continue to have effect without any amendments made in consequence of, or otherwise in connection with, Part 2 of these Regulations.

(4) In this regulation -