Search Legislation

Advanced Search

The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019

Changes to legislation:

The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 is up to date with all changes known to be in force on or before 11 February 2025. There are changes that may be brought into force at a future date. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

View outstanding changes

Changes and effects yet to be applied to :

  1. Introductory Text

  2. PART 1 General

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2 Amendments of primary legislation

    1. CHAPTER 1 The Financial Services and Markets Act 2000

      1. 3.Introduction

      2. 4.Part 6 rules

      3. 5.Applications for listing

      4. 6.Matters which may be dealt with by prospectus rules

      5. 7.Prohibition of dealing etc in transferable securities without approved prospectus

      6. 8.Exempt offers to the public

      7. 9.Election to have prospectus

      8. 10.Criteria for approval of prospectus by FCA

      9. 11.Procedure for decision on application for approval

      10. 12.Repeal of sections 87E and 87F

      11. 13.Repeal of section 87FB

      12. 14.Repeal of sections 87H and 87I

      13. 15.Power to suspend or prohibit offer to the public

      14. 16.Power to suspend or prohibit admission to trading on a regulated market

      15. 17.Public censure of issuer

      16. 18.Repeal of section 87P

      17. 19.Transparency rules

      18. 20.Provision of voteholder information

      19. 21.Provision of information by issuers of transferable securities

      20. 22.Notification of voting rights held by issuer

      21. 23.Transparency rules: interpretation etc

      22. 24.Public censure of issuer

      23. 25.Power to suspend or prohibit trading of securities

      24. 26.Voting rights suspension orders

      25. 27.Corporate governance rules

      26. 28.Storage of regulated information

      27. 29.Liability for key investor information

      28. 30.Penalties for breach of Part 6 rules

      29. 31.Appointment by FCA of persons to carry out investigations

      30. 32.Repeal of section 100A

      31. 33.Meaning of “securities” etc.

      32. 34.Meaning of “offer of transferable securities to the public” etc.

      33. 35.Repeal of section 102C

      34. 36.Interpretation of Part 6 of FSMA 2000

      35. 37.Liability of issuers in connection with published information

      36. 38.Transferable securities excluded from certain provisions of section 85 of FSMA 2000

    2. CHAPTER 2 The Companies Act 2006

      1. 39.Repeal of section 1273 of the Companies Act 2006

  4. PART 3 Amendments of EU Regulations and EU Decision

    1. CHAPTER 1 Amendments of Commission Regulation (EC) No. 809/2004

      1. 40....

      2. 41.Subject-matter of Regulation

      3. 42.Definitions

      4. 43.Categories of information in the base prospectus and the final terms

      5. 44.Minimum information to be included in a prospectus

      6. 45.Share registration document schedule

      7. 46.Share registration document in cases of complex financial history or significant financial commitment

      8. 47.Securities note schedule for certain debt securities

      9. 48.Guarantees building block

      10. 49.Banks registration document schedule

      11. 50.Securities note schedule for certain debt securities

      12. 51.Additional information building block on the underlying share

      13. 52.Registration document schedule for collective investment undertakings of closed-end type

      14. 53.Registration document schedule for States and regional and local authorities

      15. 54.Additional building block for consent given in accordance with Article 3(2) of Directive 2003/71/EC

      16. 55.Minimum information to be included in a base prospectus and its related final terms

      17. 56.Adaptations to minimum information given in prospectuses and base prospectuses

      18. 57.Content of the summary etc.

      19. 58.Format of the prospectus

      20. 59.Format of base prospectus and its related final terms

      21. 60.Proportionate schedule for rights issues

      22. 61.Proportionate schedules for small and medium-sized enterprises etc.

      23. 62.Proportionate requirements for issues by certain credit institutions

      24. 63.Arrangements for incorporation by reference

      25. 64.Historical financial information

      26. 65.Omission of Article 36

      27. 66.Amendments of Annexes

    2. CHAPTER 2 Amendments of other EU Regulations and of EU Decision

      1. 67.Commission Regulation (EC) No 1569/2007

      2. 68.Commission Decision (EC) No 2008/961

      3. 69.European Parliament and Council Regulation (EU) 2017/1129

  5. PART 4 Transfer of directive functions to the Treasury or the FCA

    1. 70.Interpretation of Schedule 2

    2. 71.Transfer of directive functions to the Treasury

    3. 72.Transfer of directive functions to the FCA

  6. PART 5 Transitional provision

    1. 73.Prospectus approved before 21st July 2019 by competent authority of other EEA state

  7. Signature

    1. SCHEDULE 1

      Amendments of Annexes to Commission Regulation (EC) No 809/2004

      1. 1.(1) Annex 1 is amended as follows.

      2. 2.In Annex 4, in item 13.1— (a) in the first...

      3. 3.(1) Annex 7 is amended as follows.

      4. 4.In Annex 9, in item 11.1— (a) in the first...

      5. 5.(1) Annex 10 is amended as follows.

      6. 6.In Annex 11, in item 11.1— (a) in the first...

      7. 7.In Annex 15, in item 2.9, omit “Member”, in the first...

      8. 8.In Annex 16, in the heading, for “Member States, third...

      9. 9.In Annex 21, for “as referred to in recital 18...

      10. 10.(1) Annex 22 is amended as follows.

      11. 11.(1) Annex 23 is amended as follows.

      12. 12.(1) Annex 25 is amended as follows.

      13. 13.In Annex 26, in item 13.1— (a) in the first...

      14. 14.In Annex 27, in item 11.1— (a) in the first...

      15. 15.(1) Annex 28 is amended as follows.

      16. 16.(1) Annex 29 is amended as follows.

    2. SCHEDULE 2

      Transfer of functions to the Treasury and the FCA

      1. PART 1 Interpretation

        1. 1.In this Schedule— ... ... “the Disclosure Guidance and Transparency...

      2. PART 2 Directive functions transferred to the Treasury

        1. 2.The following purposes are specified for the purposes of regulation...

        2. 3.In order to take account of developments on financial markets,...

        3. 4.In order to take account of developments on financial markets,...

        4. 5.In order to take account of developments on financial markets,...

        5. 6.In order to take account of developments on financial markets,...

        6. 7.In order to take account of developments on financial markets,...

        7. 8.In order to take account of developments on financial markets,...

        8. 9.In order to take account of developments on financial markets,...

        9. 10.To establish for the purposes of transparency rules an indicative...

        10. 11.In order to take account of developments on financial markets,...

        11. 12.In order to take account of developments on financial markets,...

        12. 13.In order to take account of developments on financial markets,...

        13. 14.In order to take account of developments on financial markets,...

        14. 15.To clarify the conditions of independence to be complied with...

        15. 16.To specify the contents of the notification to be made,...

        16. 17.In order to take account of developments on financial markets,...

        17. 18.In order to take account of developments on financial markets...

        18. 19.To specify the minimum standards for— (a) the dissemination of...

        19. 20.To establish general criteria for the purposes of section 89A(4A)...

      3. PART 3 Directive functions transferred to FCA

        1. 21.The following purposes are specified for the purposes of regulation...

        2. 22.To make provision about the exemptions from the obligation to...

        3. 23.To make provision about the exemptions from the obligation to...

        4. 24.To make provision about the exemptions from the obligation to...

        5. 25.To make provision about the exemptions from the obligation to...

        6. 26.To make provision about the exemptions from the obligation to...

        7. 27.To make provision about the exemptions from the obligation to...

        8. 28.To make provision about the exemptions from the obligation to...

        9. 29.To make provision about the exemptions from the obligation to...

        10. 30.To make provision about the exemptions from the obligation to...

        11. 31.To specify the electronic reporting format for annual financial reports...

        12. 32.To specify the method of calculating any percentage threshold applying...

        13. 33.To establish standard forms, templates and procedures to be used...

        14. 34.To specify for the purposes of rule 5.3.3A of the...

        15. 35.To specify the cases in which the exemptions laid down...

  9. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources

The data on this page is available in the alternative data formats listed: