Financial Services and Markets Act 2000

87 Approval of prospectus where no application for listing. U.K.

(1) Listing rules may provide for a prospectus to be submitted to and approved by the competent authority if—

(a) securities are to be offered to the public in the United Kingdom for the first time;

(b) no application for listing of the securities has been made under this Part; and

(c) the prospectus is submitted by, or with the consent of, the issuer of the securities.

(2) “Non-listing prospectus” means a prospectus submitted to the competent authority as a result of any listing rules made under subsection (1).

(3) Listing rules made under subsection (1) may make provision—

(a) as to the information to be contained in, and the form of, a non-listing prospectus; and

(b) as to the timing and manner of publication of a non-listing prospectus.

(4) The power conferred by subsection (3)(b) is subject to such provision made by or under any other enactment as the Treasury may by order specify.

(5) Schedule 9 modifies provisions of this Part as they apply in relation to non-listing prospectuses.

Modifications etc. (not altering text)

C1 S. 87 extended (1.12.2001) by S.I. 2001/2957, arts. 1, 6(4); S.I. 2001/3538, art. 2(1)

Commencement Information

I1 S. 87 wholly in force at 18.6.2001; s. 87 not in force at Royal Assent see s. 431(2); s. 87(4)(5) in force at 25.2.2001 by S.I. 2001/516, art. 2(a), Sch. Pt. 1; s. 87 in force in so far as not already in force at 18.6.2001 by S.I. 2001/1820, art. 2, Sch.