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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 January 2024 - onwards
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Regulation 3 Interpretation

In these Regulations -

"FSMA 2000" means the Financial Services and Markets Act 2000 [2000 c. 8.];

"advertisement" means a communication which - (a) relates to - (i) a specific offer of relevant securities to the public, or (ii) an admission, or proposed admission, of transferable securities to trading on a regulated market or primary MTF, (b) aims specifically to promote the potential subscription for, or acquisition of, relevant securities, and (c) is not a prospectus or an MTF admission prospectus;

and "advertise" has a corresponding meaning;

"equity securities",  except in paragraph 10 of Schedule 1, means - (a) transferable securities that are shares in companies, (b) other transferable securities that are equivalent to shares in companies, and (c) transferable securities that - (i) give the right to acquire securities within paragraph (a) or (b) if converted or if the rights conferred by them are exercised, and (ii) are issued by the issuer of t

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