Part VI Official Listing

F1Approval of prospectus

F387ACriteria for approval of prospectus by F2FCA

(1)

The F4FCA may not approve a prospectus unless it is satisfied that—

F5(a)

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(b)

the prospectus contains the F6information required by Article 6(1) or 14(2) of the prospectus regulation, and

(c)

all of the other requirements imposed by or in accordance with this Part F7, the prospectus regulation or prospectus rules have been complied with (so far as those requirements apply to a prospectus for the transferable securities in question).

F8(2)

The necessary information is—

(a)

the information required by Article 6(1) of the prospectus regulation, or

(b)

in a case within Article 14(1) of that regulation, the information required by Article 14(2) of that regulation.

F9(2A)

If, in the case of transferable securities to which section 87 applies, the prospectus states that the guarantor is a specified F10... State, the prospectus is not required to include other information about the guarantor.

F11(3)

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F11(4)

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F11(5)

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F11(6)

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F11(7)

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F12(7A)

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(8)

“Prospectus” F13... includes a supplementary prospectus.

F14(9)

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F15(10)

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F387BExemptions from disclosure

F16(1)

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(2)

The Secretary of State or the Treasury may issue a certificate to the effect that the disclosure of any information would be contrary to the public interest.

(3)

The F17FCA is entitled to act on any such certificate in exercising its powers under F18Article 18(1)(a) of the prospectus regulation.

(4)

This section does not affect any powers of the F17FCA under prospectus rules.

F19(5)

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F387CConsideration of application for approval

F20(1)

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F20(2)

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F20(3)

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(4)

The F17FCA may by notice in writing require a person who has applied for approval of a prospectus to provide—

(a)

specified documents or documents of a specified description, or

(b)

specified information or information of a specified description.

F21(5)

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(6)

Subsection (4) applies only to information and documents reasonably required in connection with the exercise by the F17FCA of its functions in relation to the application.

(7)

The F17FCA may require any information provided under this section to be provided in such form as it may reasonably require.

(8)

The F17FCA may require—

(a)

any information provided, whether in a document or otherwise, to be verified in such manner, or

(b)

any document produced to be authenticated in such manner,

as it may reasonably require.

(9)

F22... subsections (4) and (6) to (8) apply to F23an application for approval of a supplementary prospectus as they apply to an application for approval of a prospectus.

F24(10)

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F25(11)

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F387DProcedure for decision F26to refuse an application for approval

F27(1)

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F28(1A)

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(2)

If the F17FCA proposes to refuse to approve a prospectus, it must give the applicant written notice.

(3)

The notice must state the F17FCA's reasons for the proposed refusal.

(4)

If the F17FCA decides to refuse to approve a prospectus, it must give the applicant written notice.

(5)

The notice must—

(a)

give the F17FCA's reasons for refusing the application; and

(b)

inform the applicant of his right to refer the matter to the Tribunal.

(6)

If the F17FCA refuses to approve a prospectus, the applicant may refer the matter to the Tribunal.

(7)

In this section “prospectus” includes a supplementary prospectus.