(1) A prospectus or MTF admission prospectus must contain the necessary information which is material to an investor for making an informed assessment of -

(a) the assets and liabilities, profits and losses, financial position and prospects of the issuer and of any guarantor,

(b) the rights attaching to the transferable securities, and

(c) the reasons for the issuance and its impact on the issuer.

(2) That information may vary depending on -

(a) the nature of the issuer,

(b) the type of transferable securities,

(c) the circumstances of the issuer, and

(d) whether transferable securities issued by the issuer have already been admitted to trading on a regulated market or primary MTF.