Part VI Official Listing
F1Transfer of application for approval of a prospectus
87ETransfer by competent authority of application for approval
(1)
The competent authority may transfer an application for the approval of a prospectus or a supplementary prospectus to the competent authority of another EEA State (“the transferee authority”).
(2)
Before doing so, the competent authority must obtain the agreement of the transferee authority.
(3)
The competent authority must inform the applicant of the transfer within 3 working days beginning with the first working day after the date of the transfer.
(4)
On making a transfer under subsection (1), the competent authority ceases to have functions under this Part in relation to the application transferred.
87FTransfer to competent authority of application for approval
(1)
Where the competent authority agrees to the transfer to it of an application for the approval of a prospectus made to the competent authority of another EEA State—
(a)
the United Kingdom is to be treated for the purposes of this Part as the home State in relation to the issuer of the transferable securities to which the prospectus relates, and
(b)
this Part applies to the application as if it had been made to the competent authority but with the modification in subsection (2).
(2)
Section 87C applies as if the date of the transfer were the date on which the application was received by the competent authority.