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  1. Public Offers and Admissions to Trading Regulations 2024 [SI 2024 No. 105]
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Version status: Partly in force | Document consolidation status: No known changes
Published date: 29 January 2024

Public Offers and Admissions to Trading Regulations 2024 [SI 2024 No. 105]

Consolidation Status: No known changes
Comparing proposed amendment...
Introductory Text
Part 1 Introductory (regs. 1-8)
In force
 Regulation 1 Citation and extent
In force
 Regulation 2 Commencement
In force
 Regulation 3 Interpretation
In force
 Regulation 4 "Transferable securities"
In force
 Regulation 5 "Relevant securities"
In force
 Regulation 6 Meaning of "excluded securities" in regulation 5
In force
 Regulation 7 "Offer of relevant securities to the public"
In force
 Regulation 8 "Primary MTF"
Part 2 Designated activities (regs. 9-11)
In force
 Regulation 9 Designated activities: public offers of relevant securities
In force
 Regulation 10 Designated activities: admissions to trading on regulated market
In force
 Regulation 11 Designated activities: admissions to trading on primary MTF
Part 3 Regulation of public offers and admissions to trading (regs. 12-45)
Prohibition of public offers of relevant securities (regs. 12-13)
Partly in force
 Regulation 12 Prohibition of public offers of relevant securities
Partly in force
 Regulation 13 Disclosure of information
Rule-making powers of FCA (regs. 14-20)
Partly in force
 Regulation 14 FCA rules relating to admissions to trading on regulated market
Partly in force
 Regulation 15 FCA rules relating to admissions to trading on primary MTF
Partly in force
 Regulation 16 Qualified investor condition in regulation 15(2)(a)
Partly in force
 Regulation 17 FCA rules relating to public offers unconnected with admissions to trading
Partly in force
 Regulation 18 Further provision about regulated market admission rules
Partly in force
 Regulation 19 Matters to which FCA must have regard when making certain rules
Partly in force
 Regulation 20 Waiver or modification of rules
Prospectuses (regs. 21-31)
Partly in force
 Regulation 21 "Prospectus", "MTF admission prospectus" and "supplementary prospectus"
Partly in force
 Regulation 22 Responsibility for prospectus or MTF admission prospectus
Partly in force
 Regulation 23 General requirements to be met by a prospectus or MTF admission prospectus
Partly in force
 Regulation 24 Issuers established outside UK: presentation of historical financial information
Partly in force
 Regulation 25 Exemptions from disclosure
Partly in force
 Regulation 26 Consideration of applications
Partly in force
 Regulation 27 Procedure for decision to refuse an application
Partly in force
 Regulation 28 Requirements to include information or to provide information or documents
Partly in force
 Regulation 29 Power to refuse to accept applications or to prohibit validation or publication
Partly in force
 Regulation 30 Compensation for statements in prospectus etc
Partly in force
 Regulation 31 Provisions supplementary to regulation 30
Further powers of FCA (regs. 32-45)
Partly in force
 Regulation 32 Withdrawal rights
Partly in force
 Regulation 33 FCA’s power to require information
Partly in force
 Regulation 34 Powers exercisable to protect investors or advance FCA’s operational objectives
Partly in force
 Regulation 35 Power to suspend, restrict or prohibit offer to the public
Partly in force
 Regulation 36 Power to suspend, restrict or prohibit admission to trading on regulated market
Partly in force
 Regulation 37 Power to suspend or prohibit trading on a trading facility
Partly in force
 Regulation 38 Regulations 34 to 37: procedure and right to refer to Tribunal
Partly in force
 Regulation 39 Public censure
Partly in force
 Regulation 40 Penalties for contraventions
Partly in force
 Regulation 41 Regulations 39 and 40: procedure and right to refer to Tribunal
Partly in force
 Regulation 42 Statement of policy
Partly in force
 Regulation 43 Statements of policy: procedure
Partly in force
 Regulation 44 Appointment by FCA of persons to carry out investigations
Partly in force
 Regulation 45 Reporting of infringements
Part 4 Amendments to Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (reg. 46)
Partly in force
 Regulation 46 Operating an electronic system for public offers of relevant securities
Part 5 Amendments to other legislation (reg. 47)
Partly in force
 Regulation 47 Amendments to other legislation
Part 6 Transitional and saving provisions (regs. 48-50)
Partly in force
 Regulation 48 Saving provisions
Partly in force
 Regulation 49 References to Tribunal
Partly in force
 Regulation 50 Decisions to refuse to accept applications etc
Part 7 Review (reg. 51)
Partly in force
 Regulation 51 Review
Schedules
Schedule 1 Exceptions from prohibition on offers to the public
Partly in force
 Schedule 1, Part 1 Offers not contravening prohibition (paras. 1-13)
Partly in force
 Schedule 1, Part 2 Supplementary provisions relating to Part 1 (paras. 14-18)
Schedule 2 Compensation: exemptions
Partly in force
 Schedule 2, Part 1 Interpretation (para. 1)
Partly in force
 Schedule 2, Part 2 General exemptions (paras. 2-9)
Partly in force
 Schedule 2, Part 3 Further exemption relating to forward-looking statement (paras. 10-11)
Schedule 3 Amendments to legislation
Partly in force
 Schedule 3, Part 1 Amendments to primary legislation (paras. 1-26)
Partly in force
 Schedule 3, Part 2 Amendments to secondary legislation (paras. 27-36)
Partly in force
 Schedule 3, Part 3 Amendments to assimilated direct legislation (paras. 37-38)
Signature
Explanatory Note
Explanatory Memorandum
Impact Assessment
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