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Part VU.K. Offers of Unlisted Securities

169 Terms and implementation of offer.U.K.

(1)The Secretary of State may make rules—

(a)regulating the terms on which a person may offer securities by an advertisement to which this Part of this Act applies; and

(b)otherwise regulating his conduct with a view to ensuring that the persons to whom the offer is addressed are treated equally and fairly.

(2)Rules under this section may, in particular, make provision with respect to the giving of priority as between persons to whom an offer is made and with respect to the payment of commissions.

(3)Section 162(2) above shall apply also to rules made under this section.